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 : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: MW who wrote (2350)	4/21/1999 9:59:00 AM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 3015

TV Guide has warrents that when exercised at a cost of 200 million$ will give them a 40% interest in SRCM. Recharge your batteries. Any way you slice it that gives SRCM an "implied" valuation of 500 million$ All right, even giving you that, that makes SRCM worth 500M/35M =$14.28 per share, not $21. Oh, and by the way, it's a solar. So the real question is, if one could buy srcm on the same terms as Murdoch/Malone I've always loved this logic: "TVG has a relationship with TCI. TVG also has a relationship with SRCM. Therefore, TCI is actively investing in SRCM." And you wonder why no one seems to take you seriously. why not take advantage? Well, the SMART money did and thats why the stock is back above 20.. Okay, let's see if we can make something of this. Everybody wants to by SRCM "on the same terms as" whoever you say is buying them. They keep calling themselves "TV Guide", but if you want it to be Rupert Murdoch, knock yourself out. Funny, SRCM is being bought at $14.25 per share. No one's bought SRCM at that price since this JV thing was announced. So how can you say they're getting the "same terms"? Wouldn't the same terms be, well, $14.25? What kind of SMART money thinks paying $20 is the same as paying $14.25, and do they have any $20 bills they need change for? For a talkative guy you're pretty quiet on the "details" of the joint venture. Funny thing about that. All that's been made public, as far as I've ever heard, is what's going into it. We've heard your pie in the sky notions of the BILLIONS AND BILLIONS this JV is supposed to generate, yet I've never heard from you exactly what this JV is supposed to produce that's going to be worth that kind of money. A bunch of local ads? Yeah, that's a real big ticket item.