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Technology Stocks : Paxson Communications (PAX)
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To: Dave Sullivan who wrote (21)11/5/1997 11:09:00 PM
From: Alejandro   of 154
 
I've been watching Paxson for some time. I was ready to get in a couple times. However, each time I almost got in, they did some strange move. It translated to me that Paxson was using marketing and concepts to get investor interest rather than meat and potatoes. Probably, I am wrong.

I relate Paxson statements to snake oil salesmen. I know that is an extreme over statement. Paxson is not a bad company. I'm just not comfortable as to what their objective is. My non-trusting mind tells me that this 'network' is pie in the sky. I guess I would feel bettor if they would spell out exactly the why's and wherefore's of what they are doing. It may be a great management team. Unfortunately, I have perceived them as salesmen. That is great for the business, but not a confidence builder for investors when they try to sell us on something. I'm sure they do great at a press conference until that old lady says " Where's the beef ?"

I am not anti-Paxson. They just don't give the downside to anything. That bothers me.

ac


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