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.

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

To: Jason Cogan who wrote (34742)	10/29/1998 12:13:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

JC, TWX gets people to go for the EBITDA scam because they are slick folks who tell a good story. Also, they have great parties, er, analyst meetings and anyone who knocks the stock doesn't get an invite to the next one. But, mainly, analysts believe that the usual standards for a business does not apply to a media and entertainment co. So did CBS until they fired the CEO today. <G> WFC is held up by high flying California real estate, a huge investment mismanagement business, and Warren Buffett's blessing. And of course, my checking account. <G> I don't like TWX, but if they show a profit next year, and they may, this puppy is unlikely to go down. After the first profit, then folks will notice that this is a puny return for such a high priced stock. But I'm not ready to jump on them yet. WFC is on my put radar. I don't believe there is an Omaha and this stock is way overpriced. I would like to see some indication that there may be break in brain dead stock indexing before jumping on it. But I fear I will wait too long. It got away from me in the last market break and I may buy a third of puts just to have a piece and guard against another fall off the cliff. MB