thats the point i was making before...that even at the current...

thats the point i was making before...that even at the current low SP....the market is paying double on valuation multiples for TEN vs. what it is paying for SWM.....the market to me is betting on TEN being taken over soon or ratings improving....if that doesn't happen or till it happens....in my view the SP will keep drifting closer to the valuation multiple that the market is prepared to pay for SWM....

If TEN is to get taken out.....then i reckon it would happen very soon...like before christmas to take advantage of its crappy ratings this half...but i also reckon that there would not be much of a premium paid on top of the current SP for the acquisition given that the current SP is already atleast 15 times ebitda....

anyway thats my view....DYOR...!