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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: JRI who wrote (1080)2/25/2001 3:45:52 PM
From: patron_anejo_por_favor  Respond to of 52237
 
<<One can only take so much of "Millionaire" and Regis.>>

I suspect companies slashing advertising budgets is whacking ABC, and less travel due to recessionary concerns should pressure their core businesses.

PE is 30, not too high unless you think they're earnings will actually contract this year (a pretty good bet, I'd say). Obviously tremendous bloat and waste in management, "Mickey" Eisner took home a cool 50 million plus last year, plus that payoff to Katzenberger....also, check out the OBV breaking down despite the price hanging around 30:

stockcharts.com

Some insider buys after the gap down in November, but absolutely dwarfed by the massive selling by Eisner and Litvack 2 weeks ago:

biz.yahoo.com

A good target, methinks. I'd start a position here, double down if it gets back to 32.5 and stop out at 34 1/2 or so (top of the gap down from early November). Good one, thanks for bringing it up...