Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: S Shaw who wrote (3277)	10/1/1998 10:49:00 PM
From: Gary M. Reed	Read Replies (5) of 4634

<<<TCOMA: Currently 30 - price target < 15 I think that every 5 years or so, investors plow back in to cable stocks when they think that cable is about to deliver the "next big thing". This time around it's the internet. TCOMA (TCI cablevision) has seen an astounding 100% runup in its price over the last 6 months - and the stock has been nearly lifeless for the previous decade. Maybe it's because Bill gates has thrown some pocket change at cable. Maybe it's because they figure that TCI must be worth AT LEAST 7 @homes (see my comments concerning ATHM). Who knows? Inevitably, these investors come to the slow realization that these companies are STILL losing hundreds of millions of dollars, that growth is nearly nonexistent, and that the 70's are OVER man!>>> Ummm, extra extra!!! Someone put Bill Wexler together with AT&T executives. Based on Billy Bob's commentary here, I think perhaps AT&T may want to reconsider their buyout of tcoma. "The 70's are OVER man!"

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