Seriously this market has rocks for brains - a 10% loss for a first approach rejection is quite ridiculous. If I was PRT I would just wait it out - I don't think there'll be to many media companies with the profile of Prime around. When the media laws do take effect there will be less costs attributable to license fees and the ongoing debt reduction exercise will make the balance sheet more attractive. You never know in a few months PRT might even acquire Seven (yeah I know pigs fly here).
GLTAH - don't follow the idiot market and reactionary traders cause PRT is a good long term prospect.
PRT Price at posting:
42.8¢ Sentiment: Hold Disclosure: Held
