Stick with Gordon I say. Let's hope his health lasts the reach rule is scrapped and we can see the US mongrels off.
The whole sale process has been a shambles in my opinion, with Citi advising the board, the media leaking of the original Discovery FoxTel indicative offer price and the run up to 27cents (what a scam), the company coming out saying to be careful and not to believe everything you read in the media, in the meanwhile the fast money scalpers where just in the process of wrapping up their dirty trade, the subsequent due diligence by Discovery FoxTel with the resulting indicative offer price being reduced, which is in no way been made official (just leaked through the media, am I right has the company announced it, I don't check the announcements?). Oh I forgot, the whole pathetic way the process was put on hold while the directors took their Christmas holidays.
If this is the way business is done in Australia we are doomed.
Go Bruce, "not a seller at any price". We'll that might be a little over stated but I'll stick by his sentiment. Let him put his money to good use and let's see what the business is really worth. The other billionaires all seemed to get their sums wrong on Ten in a big way. Maybe the little guy still has the chance of a longer run return at the current price as long as Bruce and co keep flexing their muscles.
Eshmun
TEN Price at posting:
23.2¢ Sentiment: Hold Disclosure: Held
