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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (33271)1/13/2009 1:20:04 AM
From: Spekulatius  Read Replies (1) of 78731
 
Some of us used to own this Malone satellite. it's essentially a play on QVC. Malones machinations have some allure in better times but with a recession or worse underway and scrutiny for financials i don't think it's a good play right now .A Brokerage report I read recently mentioned that they are very close to hitting Debt covenant. Forced deleveraging would not be good for common shareholders. Well it's cheap enough to almost qualify as a lottery ticket so why not? - a small position is probably OK.
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