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.

Technology Stocks : UCOMA UnitedGlobalCom -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (95)	2/7/1999 6:18:00 PM
From: Mad2	Read Replies (2) \| Respond to of 489

Dave I'm in at 44 and holding at 70 and below, anything over 80 and I'm probably selling. I've followed everything said about this stock so far and I think Steve has a pretty good handle on it. I just don't know if UPC will trade at 2X or 3X it's offer price. I think UIHIA is a buy below 70 (value). Now to answer your question "at what price would you mortgage the house" - honestly despite having made some good trades in the past couple of months I haven't had one Yet that I would mortgage the house for when I was looking at them (MALL, DBCC, FHT, NAVR & now UIHIA). In hindsight however I'd mortgage the house for everyone of them. My point in the last post was simply that you can be too smart in trying to value some of these plays. If valuation were key to the decision all of wall street would own it.

To: jjs_ynot who wrote (95)	2/7/1999 7:53:00 PM
From: steve host	Read Replies (1) \| Respond to of 489

Hate to break the news Dave but this stock will never be as low as 60 again - good luck waiting

To: jjs_ynot who wrote (95)	2/7/1999 8:13:00 PM
From: steve host	Read Replies (1) \| Respond to of 489

Dave I know it is beyond you to read posts from the "little people" from yahoo but maybe you should, you may learn some interesting things. Here is a recent (a day or two ago) post that I found very interesting from someone who seems to know the management. To save you the trouble of finding the way here it is: (Good luck in the short). I don't know what their valuation scheme is but I know that they are value investors and that they are proud of their equity and willing to defend it when necessary. When Phillips NV decided to exit UPC in early 1997 (a blessing in disguise), UIHIA knew then that the stock was grossly undervalued and they levered up not only to buy back Phillps' 50% interest in UPC but also the UIHIA stock that Phillips held (thus the current 3MM shares of treasury stock). I too, believe that the wild card is the other operating subs. Consider this, UIHIA has the option to expand its other subs through asset purchases using UIHIA stock. Once the franchise is in place (like UPC), UIHIA then conducts another secondary offering at the sub level to finance the resulting system expansion, retaining a controlling interest in the sub. The profit potential at the UIHIA level is mindboggling. UIHIA is dripping with value sources. For instance, are you aware that about a year ago, UIHIA obtained a $178MM judgement in federal district court against Hong Kong based Wharf Holdings? Wharf appealed at the appellate level and posted a cash bond that now represents another $4+ per share? Valuing UIHIA is real tough at this point which is why I am long this stock. The market will eventually figure it out and start valuing it more fully over time. I am a patient sort and plan to wait this one out.