Silicon Investor (SI) -- The First Internet Community

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.

Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: jbe who wrote (5065)	4/20/2000 12:56:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 19428

In the subscriber TV biz, you have to measure market cap per subscriber, that's the benchmark. They all have tons of debt and poor returns on equity on paper thanks to up front costs and depreciation. The problem with those comparison numbers is they include broadcast TV - a different beast from cable and satellite. The only comparison that holds up is directly with DISH. When I started investing on my own I figured high debt plays like PGTV were always hopeless. But some have done well since then if they manage debt and keep signing up subscribers. I would rather short a hopeless retail dot.com than a big enterprise that could be viable - not to mention a possible takeover target, which includes all cable and satellite TV companies.