According to Bill Miller, who manages funds for Legg Mason, the shares could trade as high as somewhere above $40 on a sum of the parts basis.
"It trades like a collection of very slow-growth or declining assets. Newspaper companies trade at this range or higher. But it's a much more interesting collection of assets. On a comparative basis to a variety of media assets, you get a value in the mid-30s, and on a sum-of-the-parts basis, you can get into the 40s," Barron's quoted Miller saying.
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B14895072%2D95B2%2D41BF%2DA65A%2D1917F86817A1%7D&dist=rss&siteid=mktw
"It trades like a collection of very slow-growth or declining assets. Newspaper companies trade at this range or higher. But it's a much more interesting collection of assets. On a comparative basis to a variety of media assets, you get a value in the mid-30s, and on a sum-of-the-parts basis, you can get into the 40s," Barron's quoted Miller saying.
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B14895072%2D95B2%2D41BF%2DA65A%2D1917F86817A1%7D&dist=rss&siteid=mktw
