As Reuters' share price sank to 148p during trading on Thursday, its expected 2003 earnings were valued at well under 10 times, a hefty discount to the market. Investors are just not prepared to credit Tom Glocer's promise that he can bring the information group out the other side of the current downturn with its earnings back on a growth path.
Is Reuters a buyout target?
In theory, Reuters' share price fell far enough this week to make a takeover or public-to-private buyout viable. In practice, bidders would still find it hard making their sums add up.
