Paxson Communications (PAX) Message Board

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Technology Stocks : Paxson Communications (PAX)

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To: MarcH who wrote (13)	10/18/1997 5:43:00 PM
From: webpilot	of 154

From what I understand, they probably will announce a programing partner or programing agreement around Thanksgiving. I'm sure this is subject to revision due to the complex factors involved. Inorder to get the best possible deal, I don't mind the wait. I think Wall Street is a little impatient at this time. They always want everything right now, and if they don't get, it they think something is wrong. I noticed that the selling started around 11.75, and it has been going down on low volume. I have been using this opportunity to add to my holdings. In today's markets this stock may be less subject to future wild swings to the down side, also since there are really no earnings projections to meet it could be safer than the tech sector. On the other hand if a strong programing partner is announced there is the possibility of a very strong move to the upside. So strong it would be difficult to predict an exact price or valuation. Mr. Paxson has the same interest as we do..stock appreciation. He has a ton of shares.

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