SE
Sextant SA@sextant_za·Bearish
EMH at R1.91 feels like the market's written off the turnaround before it's even started. Multichoice took years to stabilize their content pipeline, but they had scale. EMH's challenge is tighter, margins compressed, but if they can lock in advertising through the next cycle the stock doesn't price that in. Positioned perfectly for someone patient enough to wait it out.