Billionaires Graveyard!, page-39

I do think sometimes there is no logic in the share price large declines other than pure speculation about the worst that can happen to Ten Network. Remember the experts and the markets often can call it completely wrong. I remember, a few months ago, every expert was writing Bellamy's Australia off and said it will run out of cash very soon and the share price collapsed to under $4.00. Now it is worth more than $6.00. Has anything change much. I don't think so. Therefore, if the Budget on Tuesday can reduce the TV fees and if the billionaires agree to the extension of the loan without Packer, the share price will fly. In any event the risk is low with the current share price unless the company is put into administration of course. But in that case, too may parties including the government will lose face and reputation which means a lot to those billionaires. So the bottom line is high risk share but worth a punt, put some spare cash and expect the gains could be enormous.