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Joan - Welcome to SI and the thread. There are a couple of posters on this thread who have been following MMG far longer than I have, through various incarnations. While MMG is becoming a tightly focused company, that is a relatively new development. I believe Orion pictures used to be part of the mix, as well as a bunch of movie theatres. Both of those are gone. Now it's just telecom and Snapper. John Kluge has bought or built and sold a lot of businesses in his lifetime. Heck, maybe he's forgotten about Snapper. I would bet they're just trying to find a buyer though. Of course, my current favorite telecom, WinStar, also owns a shampoo business that they are trying to shed, so strange combinations do occur. I did not know that ATI was pursuing European business, but it doesn't surprise me. I don't think MMG's success depends on being the sole provider of services. From what I can tell, they have a good head start. As far as patience goes...I've learned to have lots of it. I primarily hold value stocks, which means buying when they are out of favor and waiting. I bought WinStar at 20, watched it go to 10, with a big knot in my stomach. It's at 45 now and rising fast. The knot in my stomach has been displaced by the grin on my face. I keep mentioning them because there are similarities between MMG and WinStar, particularly in terms of the technology that MMG will be using to deploy services (fixed-wireless, in many cases). Oh, and by the way, a few months ago WinStar sent a few people over to Europe...to start acquiring spectrum (licenses for 38GHz). So MMG is not the only one who sees the gold in those hills. I don't know if WinStar is going after Eastern or Western Europe, I tend to think the latter. At any rate, this thread is relatively quiet now, but that will change as this story gets out and as MMG makes progress in building/buying and deploying this business. I think over many years, China will be the big jewel in this crown. We'll see... |
