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Technology Stocks : Metromedia International Group (MMG) Looking for Opinions -- Ignore unavailable to you. Want to Upgrade?

To: Alejandro who wrote (86)	11/17/1997 9:42:00 PM
From: Madharry	Read Replies (1) \| Respond to of 353

Well i think it will be hard to put profit numbers on at thi point, but it might make sense to attach a valuation on a per subsriber, potential subscriber basis and then add in a growth factor. Also two remaining components of the business ( as far as I know need to be evaluated) the lawn tool business(75MM), and the movie theatre business (75MM-100MM? WE also need to add cash and subtract debt and preferre stock. (net $100MM) ? Do any of these numbers make sense? Would $20 per subsriber be right or should cable subsriber be worth more than cellular or paging subscribers? Any comments would be appreciated. The other thing i wonder about is that based on my preliminary numbers the valuation of the global media business is around $400MM. But it looks like Kluge has spent no more than $100MM to get these properties. Please correct any inaccuracies because these are very speculative statements i am making based on very quick looks at the financial information. I guess i want to make sure that there is some fundamental value to the market price before i invest.