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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (24633)	9/5/2006 10:38:31 PM
From: Spekulatius	Read Replies (1) of 79131

Viacom has some serious management issues, IMO: marketwatch.com I initially liked Redstone as a somewhat responsible owner of VIA. Recently I have more and more doubt regarding his judgement: 1) While not related to VIA Redstone's investment in badly managed MWY seems pretty stupid especially considering his stock purchases at around 20$/share (now around 7$) 2) Canning Tom Cruise is one thing and maybe a sound business decision but announcing the reasons like Redstone did is going to cost him when trying to find new talent. Even worse, this would have been Freston's job to do what Redstone did and was one reason why Freston left, IMO. 3) I predict that Frestons departure will be followed by more departures. Freston is a founder of MTV and has been with the company for 20 years. I don't think he will have much trouble to find new employment and draw management talent from VIA. 3) VIA stock may be setting up as a bargain again but i regard todays weakness as justified.

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