PAX Chairman Bud Paxson discussed the company on
Power Lunch today. He is very excited with the FCC news
yesterday allowing stations to own 2 networks in a major
industry. He wants to increase PAX's ownings from one
The news is great but remember, Bud has to have
an offer first. Let's see if CBS can start
negotiating or perhaps AT&T might put in another offer. The
stakes have gotten higher however if Bud ain't selling,
then PAX ain't budging
It is oversold! This year's tourists' vacational
the summer is abnormally strong due to
Earning release is on 8/16.
Very few floating shares available.
Pax hasn't met a deal he hasn't
Aside from the story, a solid move by pax with terrific
volume. No technical resistance til the 20 /22 area.
Too bad market is crummy, we might be up 3 or 4
Gotta like it!
he kept us shareholders in the conversation,
mentioned couple of times has to do what is best for the
shareholders.. great interview.. bill curtis is such a nice man
glad bud did not talk to some of those other cnbc
goons, pisani comes to mind i have seen him downright
rude to guests..