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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: baggo who wrote (32971)	9/27/1998 4:22:00 PM
From: Knighty Tin	Respond to of 132070

Brice, The short answer is, I don't know CMG well enough to give advice. The long answer is that I have already ordered my packet of information to start looking at it as a put candidate. They are losing money hand over fist on operations, though they have done very well on their venture capital portfolio. The valuation is moderately insane. Not as insane as when the stock was in the 90s, but insane. So, as a long term hold, I wouldn't buy it with Abby Joseph Cohen's money. However, you own long calls and that may work out just fine. As long as the public is hot to trot on these fluff stories, they can have good runs. And you can't lose more than the premiums. Once I have a long look at it and a talk with the competition, I will be able to see whether there is anything real under the fluff. Or, as Bette Davis once said, "once you get past the fake glitz, you get to the real glitz below." It looks like another flaky internet play, but it is too preliminary for me to say for certain. MB