Analyst are a joke if we invested on their advice all of us...

Analyst are a joke if we invested on their advice all of us would be bankrupt.

SEV received $54m npat from SMG last FY...even if they drop 50%+ that is still $27m npat and that makes SMG worth nil according to the 'experts'...the strongest media company on the ASX...give me a break.

These same analyst a year ago were valuing smg at over a billion with in excess of $100m npat.

SEV price was rock solid today in a blood bath...smg debt is non recourse to SEV which has NTA of just under $2B...current market cap just over a billion.

The strong survive and feast on the weak...same will happen here...analyst are my contrarian benchmark!