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Technology Stocks : Paxson Communications (PAX)
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To: webpilot who wrote (134)8/18/1999 8:42:00 PM
From: Glenn Petersen  Read Replies (1) of 154
 
According to today's Reuters article, "Bud" Paxson is looking to sell PAX for $2.8 billion. At June 30, 1999, the company had $938.478 MM in long debt debt and redeemable convertible preferred. Subtract that amount from the $2.8 billion and divide the remaining $1,861.522 MM by the 61,180,000 shares that are outstanding and you have a valuation of $30.43 per share.

dailynews.yahoo.com
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