(LVLT) - Level 3 Communications Message Board

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Technology Stocks : (LVLT) - Level 3 Communications

LVLT 53.63

0.0%

Nov 1 5:00 PM EST

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To: Larry Fowler who wrote (549)	3/27/1998 4:41:00 PM
From: halftime	Read Replies (2) of 3873

Hi everybody. Have been following the thread for about 4 wks. I also am Ex-Kiewit. If the board has set the book value at $11.65 then that figures to be about $58.00 pre-split(5 to 1). The last value placed on the stock by Kiewit before bb trading was about 54.00/sh. At 54.00/sh. I believed that the stock was not fairly valued. I thought the value should be somewhere north of $54.00 at that time because of the companies track record of keeping the value of all their securities (c and d shares) lower than employees perceived book value. (contingency $$ for lean yrs.). Other Kiewits might feel the same. 6-8 times book for telcos may be a bit high according to Zacks(4-5 times is industry average). According to Zacks, Qwest is trading at 21.9 times book. What if we value LVLT at 10 times we still end up north of $100.00. Maybe these conclusions are to bullish. Interested in other opinions.

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