The company is not the same company that it was in 2004 - when the
stock price was 20.oo per share. Since then it has sold off two major
divisions - The Telegraph Group and the Jerusalem Post, suffered
scandal, and still harbors what is essentially a tax lien.  Its
valuation has greatly depreciated.

Management announced that it will cut costs by 50 million.  Keep in
mind they are not talking about expanding circulation, increasing
revenue, or going after a Pulitzer Prize, that's hard.  Cutting costs
is easy, but ultimately devalues a company's intrinsic assets even
more.

I would say that this is a 5-7 dollar stock. But with its price
history, (which could provide a false precedent to naive investors)
and the percentage of institution ownership it could easily be walked
up above 7 dollars.  The market is slated to be much slower at the
time that SVN will be announcing its 2008 numbers - investors will be
thirsting for the action of a good momentum stock.  Its low price will
easily put it in the range of novice investors.  All this stock needs
is the right analyst to ignite a frenzy.

It is going to be interesting to see what happens over the next year.
I am glad that I got a good seat at the right time, it going to be a
hell of a show.