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Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (15914)	2/16/2000 4:56:00 AM
From: Dale Baker	Respond to of 118717

We are keeping the bell busy this year. Let's hear it for SSTI.... A 50% GAIN IN A VALUE TECH STOCK!!!!! Looking back through the thread, I count at least 11 stocks that have crossed the 50% threshold so far in 2000. Great track record, everyone!!

To: Dale Baker who wrote (15914)	2/16/2000 5:22:00 AM
From: Dale Baker	Respond to of 118717

Time to play with the pawns some more. Buying back the Feb 90 RNWK calls I sold for a few bucks net profit; selling half my RNWK shares; and buying some WPO on a value and trading range basis here around 500. Very good post below on WPO's current holdings. I bought WPO a long time ago with a view toward its Internet future, but it didn't pan out as a trade then so I put it aside. Time to go for some again. To: twister (2112 ) From: twister ( Ignore ) Saturday, Feb 12 2000 1:15AM ET Reply # of 2137 I never really took the time to examine wpo. I don't think many people really do for some reason. But I think it makes sense to look now. The company has been actively repurchasing its own stock. wpo tendered for 500k B shares late last year and ended up retiring 666k @ $575 a share. In recent days the company announced it has a NEW open ended plan to buy back an additional 545k shares of B stock. That's over 5% of the total outstanding. As one might expect, the company manages its assets for the long term, the same 10 year out strategy that Berkshire deploys. The President, Mr. Spoon has a unique compensation package. He gets options at prices that are DOUBLE the price that wpo trades for on the date of grant. His last option grant was priced at $777. I did a back of the envelope on the various wpo businesses and got to $8 billion. The $8 billion places no value on washingtonpost.com, newsweek.com, and some Internet investments in some classified joint ventures. Keep an eye on the New York Times Portal which is coming public. This is a comparable, but wp.com, I think is MORE valuable. WPO also has a hidden Internet gem called Brassring that is capitalized inside WPO at about $300 million now. It has $100 million in revenue, 50% of which is Internet sourced. This will go public. When it does, it could easily, easily command a billion $ plus valuation. WPO owns 42% of this venture. Brassring is NOT in my calculation. So my back of the envelope says $800 a share. Then add $100 a share for the Internet assets wpo owns. That's only $1 Billion. wpo has an overfunded pension plan. And its cable systems act as an ISP to its customers already, and will be able to provide the same digital services that @home and roadrunner do. The company sees itself as substantially undervalued too. It is trying to buy a ton of stock back here in the $500 to $600 range. I like wpo here. <g>