VIAB (Viacom Class B shares) formerly CBS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VIAB (Viacom Class B shares) formerly CBS

VIA 24.05

-10.5%

Jan 14 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Fred Fraschetti who wrote (2426)	8/28/1998 6:31:00 AM
From: John M Connolly	Read Replies (1) of 4613

ALL: I am up early and it would appear that the futures are saying that we will have an up day. Which IMO will make a nice start to the week end. I have been thinking about this IPO of the radio business and itmay be a lot smarter than I gave it credit for in the first place. In that recent Business Week article they valued the Radio assets at 25B - that may be too optimistic lets use 20B. Now ifthey spin off 20% that could be about $4B that would be raised. Now if that money was applied to the share buyback on top of the already approved $3B that makes a total of $7B. Now that is about 30 % of the market cap - or something in the order of 230 million shares. The way I read the figures that tells me that Mel K thinks that the current CBS is worth somewhere in the $45 range. Which I do not belive is an unreasonable figure. CBS could open strongly today if the market comes back - I have not prediction of how high it will go but up is the right direction. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next