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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (4317)	6/19/1998 11:45:00 PM
From: Paul Senior	Read Replies (1) of 78688

Wallace: re CCN. I'm not sure I'd recommend it. There seems to be a margin of safety with the stock - considering its ownership of BHC; and for patient investors, CCN has moved up slowly over the past few years. And you get Mr. Siegel running it -- he's had a good record for making money (and sometimes for his shareholders -g-). And Gabelli has said he owns a position. But some of the CCN business strategy is flawed imo - UPN broadcasting network - it's just another wannabe I believe. And I think TV stations are too expensive and just so 'yesterday' -g-. (But of course millions of people tune in to them every day.) This stock needs an event to happen which will galvanize (oops, sorry--still adding to my CYM position -g-)-- needs an event in which CCN agents will take meetings with somebody else's agents (that's TV talk dontchaknow -g-) to realize the value in the stock. Maybe it will happen, maybe it won't. I have a very small position -- I'll try to stick with it another 18 mo. to see. Paul. ref: this thread, #2098, #2099, #2110.

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