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Strategies & Market Trends : Value Investing
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To: cfimx who wrote (14722)7/2/2002 6:38:57 AM
From: Mao II  Read Replies (1) of 78740
 
R222: WX is a good case in point. The company was verging on collapse in a toxic industry when it acquired one great asset that trumped everything -- CBS. Yet no mainstream analyst could see beyond the then-current gloom. When they looked at CBS, they saw a stodgy network that appealed to people over 55 and no one else. It was a classic instance of the market completely missing the value. L could well be in the same category with Malone (a chief asset in and of himself), who is now snapping up Euro properties. M2
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