mrn frontrunner for fairfax radio assets, page-6

MRN: Thanks Oyster I agree with you MRN has a bright future fundamentally which the market will eventually realize if not we can just collect higher and higher dividends if they double eps /dividends then we would collect 14% net dividends and probably would still be growing so either way if they keep succeeding at this rate we will as shareholders reap the benefits. Take for example JBH, when they floated 7 years ago at around $1.50 sp and today they have an annual dividend of 81c which if they still had the original share price it would be yielding more than 50% net dividends, who wouldn't buy that? Also net margins are about 12% so if their cost of doing business keeps going down they could have twice the profits there on top of any revenue growth and the PE should be 16 in my oppinion there also. 2x2=4 then revenue growth on top. I might be optimistic but alot of well run media companies can do this.

All posts represent my personal views only.