It’s hard to imagine today that when the awful twin towers terrorist attack occurred back in 2011 NWS was arguably the most influential stock on the ASX, today it rarely gets even a mention! Yesterday saw the media giant hit a 52-week low with sentiment not being helped by its 61.4% majority stake in REA Group (REA) falling 48% since November 2021 – we currently see no compelling reason to buy NWS and if / when we want to buy REA the direct route makes far more sense.
MM is neutral NWS
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