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Technology Stocks : Metromedia International Group (MMG) Looking for Opinions
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To: Elayne Shochet Tatar who wrote (71)11/12/1997 7:02:00 AM
From: TheSlowLane  Read Replies (2) of 353
 
This stock had a nice runup through the first three weeks of October but looks like it gave it all back around the time the Asian currency crisis broke out. I just read through this whole thread and I have to give Elayne and Lionel credit for having the courage, vision and patience to get in early and wait as Kluge puts things together. The thing about telecomm is that it is the type of business that can require huge upfront costs as infrastructure is built and acquired, but once things are in place...the revenues come pouring in. WinStar is my favorite domestic telecomm, they've gone from 10 to 29 in the last 6 months with lots of upside projected. They aren't making money yet, either, per their plan. Thanks to all for posting articles, etc. This thread might have low volume right now, but I think that is a temporary situation...
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