Given that TEN is almost a pure-play free to air television proposition now, ratings are everything. First you accure an audience, then the value of your ads goes up, this flows to the bottom line, then the market will re-rate the company. Television is a highly cyclical business in this respect. We went through a period of hits retiring and new shows failing to fire. The wheels are in motion for the upward ascent.
Television is, indeed, a fundamentally troubled business, but we're at ~17c a share here. The company is moving in the right direction. I've been a long time holder who had previously written the company off as a dud investment, but i've actually topped up this week. There's an opportunity for at the very least a mid-range profit here, I believe.
As always, DYOR.
TEN Price at posting:
16.8¢ Sentiment: Buy Disclosure: Held
