RE:Observations and statements; some new, some old.Some very good observations and while I think the way you get to your valuation is subject to some critical pushback I think you're in the right ballpark.
I wouldn't get get fussed about your perception of the quality of VerticalScopes' content. They are getting lots of traffic and that's all advertisers care about.
This is a timing game. Either the new CEO is going to ignite this company or Fairfax is going to offer a takeout price that will force the Board's hand.
Keep that Grand Seiko catalog nearby.