As occurs in bear markets stock gets trashes indiscriminately and SEV appears to be one of those where it is trading under cash ($1.3B) backing and no value absolutely none is being allowed for another billion yes billion dollars of assets such as 22% of WAN ($400m) half ownership of unlisted SMG ($600m) and various other investments.
This is a blue chip leading media company not some upstart speccie with no cash flow.
Opportunity abounds as Kerry is no dunce and is in a prime position to pounce on bear market carcasses over the next 6-12months....meanwhile let the divvies flow.
I'm loading up at these prices but don't buy yet I don't have my fill.
SEV Price at posting:
$6.15 Sentiment: Buy Disclosure: Held