Media Group NWS have more than doubled since the panic COVID-19 lows, in its recent company report we saw revenue improve across all its businesses compared to last year and EBITDA rip up by 40%. We like the company / shares in today’s environment with optimum entry the key, at the moment we would consider throwing our hat in the ring ~$28 but this will probably evolve moving forward.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM currently likes NWS ~$28
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