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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (12654)	6/16/2001 1:23:28 AM
From: Paul Senior	Respond to of 78653

Started an exploratory position in The Ackerley Group. finance.yahoo.com This is yet another in the genre of "family-controlled 'media and entertainment' companies". The bet here is that AK management will continue its innovative ways of running their tv operations and will also continue to develop (and appropriately harvest) investments within its business segments. I cannot quantify the intrinsic value of the company and am unable to adequately defend the stock as a value play at its current price. Maybe it might be a GARP. Maybe not even that. Ergo my purchase as exploratory only. I'm looking to try to hold for two years or more. There hasn't been much if any discussion of these media-entertainment stocks on this thread in quite a while. So I'll guess there won't be much interest in AK now. Perhaps properly so. For me though, I am buying AK now in order to add to, and diversify among the other positions I have in this sector. Paul Senior