What about old Time Warner Message Board

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Technology Stocks : What about old Time Warner

TWX 98.77

0.0%

Jun 15 5:00 PM EST

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To: Terror who wrote (41)	1/10/2000 9:38:00 PM
From: w molloy	Read Replies (1) of 102

Anybody have an interest in old TWX. I just bought 5 leap 60 puts for $7.625 which expire Jan 2000. The company looked like it was going nowhere and was trading fairly high. I don't think management is too competent, or maybe things are just too competitive but the company is having great dificulty squeezing out substantial profits compared to its investment. With a debt to equity ratio of 1.35! and less than $1.00 cash per share, I think this puppy is a bit overvalued. Currently, it is trading at 58.13 and has a 52 week low of 36.38 and only $28.83 worth of sales per share. I think if the market takes a downturn, this guy will fall fairly bad. I don't know though, which I guess is why I only bought 5 contracts. Anyway, I guess in two years I'll either wish I had bought more of none at all. #^) The thread intro message above is ironic, considering. Mr DeGreef (unfortunate name) hasn't posted for a while, so I can't offer my comiserations. w.

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