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Technology Stocks : The Learning Company (TLC)

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To: Thomas C. Donald who wrote (6162)12/14/1998 12:34:00 PM
From: Doughboy   of 6318
 
Thomas:

With all due respect, this "discount" is entirely illusory. Mattel is going to get punished by this market. It's trading at more than 2x this year's earnings (assuming $1.20 as they announced today). And given the analyst downgrades and revisions that are coming, they could be sitting on $1.50 earnings estimates for next year. They're not worth more than $15-20. I'm hoping for some sort of dead cat bounce this afternoon or tomorrow, and I will sell out. In the current market environment, however, I'm not sure I'll even be lucky enough to get that. The only hope is for another suitor to come out and buy TLC, but with management committed (and with jobs with Mattel), I don't see that as likely.

Doughboy.
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