From YAHOO BOARD:
CWP, a great asset play
by: A_Washington444 342 of 342
Earning warning was already reflected in the price movement of CWP. On May 12th, CWP was down about 4% in London, and CWZ was up about 4% in London after the warning.
I am looking at CWP as an asset play, it owns 53% of CWZ, 50% of HKT (Hong Kong Telecom). The 50% of HKT is about US$14.4 Billion. If MSFT wants to pay more than $4 Billion for 30% of CWZ, then 53% of CWZ would be about $7 billion. We already have more than $21 Billion here. CWP also owns about 27%-30% of IDT, the second larget telecom in Japan. CWP also has more than 1/3 of internet traffic in the US. CWP owns many, many more other things. But the market cap of CWP is only $30 billion.
Putting all those together, and comparing CWP with any US telecom, cable company, CWP is very, very cheap.
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