Hi GrizzlyAu, thanks for the post. I'm the last person to try...

Hi GrizzlyAu,

thanks for the post. I'm the last person to try and talk someone into jumping into a stock that they don't feel confident about but just as an exercise, is there a price that would make you feel confident investing in PRT or would you stay away altogether?

Personally I believe that even if a company is in decline but not in it's fatal death throws, then you can still apply some value to the company. In the case of PRT as long as the anti-siphoning laws remain in place and viewers are still interested in local content then they still have a roll to play.

Using your Buffett analogies maybe he'd consider it a 'soggy cigar butt with at least one good puff left in it'.

Personally I think it has a few more puffs than just one but again, that's my opinion and if we all had the same opinion then we wouldn't have the share market volatility that provides the opportunity to invest at bargain prices.