Q: Vince Martin, in an article on Seeing Alpha, wrote an extensive article on TSGI as "Cheap for a reason". One main point is they think Stars overpaid for Sky. That acquisition delivered a huge profit about the time of the purchase, and the acquisition would have been profitable if that were normal profit. However government is increasing their take and according to the report, ongoing profits will be challenged to repeat. Have you seen this report, and what do you think? Vince also said that the PE of competitors is also low right now, so they don't compare favorably with the competition.
John
John