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Strategies & Market Trends : Value Investing

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To: E Newman who wrote (2090)12/22/1997 11:16:00 PM
From: Paul Senior  Read Replies (1) of 78644
 
E. Newman: re. your posts on VVTV. You might have been a tad early. IMO if there's a time, it's now. I'm taking a shot today. According to SmartMoney's report by C. Jensen of 3rd Ave. Fund, value is about $6-7. I leave that to the people on this thread to confirm or dispute. But at 3.1/4 and close to $2 sh cash plus tv stations plus stock in PAX plus others, I think there's a margin of safety. VVTV will need it. Management can't make money in their on-going business. Looks like they may be ejected from a key market (NYC), and I think the catalog business is bust. I see red ink. But maybe they can realize some of that $6-7 potential. Let's see what happens in '98. Paul Senior
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