today we are gonna absolutely smoke to the upside.. shorts are toasts love your informative
posts, they seem consistent with reality.
"speculators view "exclusive" talks with NBC as a
sign that other companies aren't really interested in
PAX -- hence no bidding war"
Or its all GE
inspired poop in order to keep the PAX price down.
Article today claims that speculators view
"exclusive" talks with NBC as a sign that other companies
aren't really interested in PAX -- hence no bidding war
in sight and hence yesterday's selloff. Asserts PAX
may not be "the prettiest girl at the dance" after
all. Interesting coming from the NY Post -- owned by
Bud's friend (and potential PAX suitor) Rupert M. --
the newspaper that helped keep PAX from tanking last
spring by headlining that AOL takeover rumor. I guess
right now everyone's just guessing in all directions.
Interesting theory a few posts earlier about MMs reaching
down to scoop up stop orders yesterday. I wouldn't be
surprised if that was part of it.
BobUtne -- money
for the digital buildout -- isn't that the direction
you always felt Bud should take?
Pax is lead story on the front page of the
Question, If all goes well in the
next couple of months where do we see the share value
in 1 - 2 years from now?
In other words,
being a novice, is this something that should be sold
when the buyout, merger happens or will this stock
sore as time goes by?
Thank you for the feedback. It seems
incredible that $300M could be considered a really viable
number for the company with all of the recent favorable
developments. I certainly hope that such a price for 1/3 of the
company doesn't come to pass!!!
For Friday p.m. it
seemed $16 was basically maintained for the day until 2
p.m.-- then someone did a very good job of driving it
down. The benefit I guess was picking-up whatever
shares were set to trigger out with stops. Ideal time
for a guerilla attack-- one of the slowest days this
year--at the slowest time of the day. Hard to see how you
pull off pushing it down though without the market
The price was down because the WSJ said it was
only a 32% buyout at $300 Mil. Those two numbers
spooked the street. If they had said 32% at 900 Mil.
Or 100% at 2.7 Bil., Things would be a lot different
Remember, the Journal was quoting an unnamed source. That
says spin to me. I think Bud will make a deal at the
right price, and not just for him. If he can pull it
off, we all will win.
James Marsh has been crying
wolf for so long that people seem to dismiss him right
now with his $32. price. I think he is right, but it
is still a matter of patience and timing.
wonder what happened to that shorts are toast
Please comment further on the price drop this
afternoon. It dumbfounded me that in the face of this news
breaking the stock would actually drop!! Has the market
actually already factored in this news to now move into
profit-taking? I would have instead expected a flood of new
buying today-- not such softness that someone could
drive the price down over $1/share!!!
Phew, I`m all caught up. Hey Jim, as you were
posting that I was reading them. You were right - good
stuff. Listen guys and girls, we better get more than
$300 million. I`m expecting $200 million for my shares
alone. That doesn`t leave too much for the rest of you
to split up. I`m New York bound.......now where did
I put that bullet proof vest? Welcome TEELEE, smart
move you just made.
Look what NBC's investment in VVTV has done for
VVTV since their "strategic alliance" was announced in
March. In February VVTV was under 10$. In less than six
months it's gone to $26 largely thanks to NBC's
The payoff on a strategic partnership with
someone like GE/NBC will be immediate and huge.
Instant credibility ... Nonstop spotlight ...and the
additional NBC programming and cross-promotion would help
turn PAX into a monster profit machine.
StkrePETER -- you should read all the posts...a lot of good
Yes, we may not see Prudential analyst price of
$32 but this is still an exciting stock with some
upward potential. The real gain will come from the
investment that will allow Pax to pay down debt and invest
in cable. Pax has a great market nich that families
are looking for. And guess what folks- families are a
growing audience. I for one am appauled over the current
programming and want something better for my kids. I can't
see how anyone could call this a money losing
company, the new FCC change as of Aug. 5th allows another
company to invest and will change the balance sheet over
night. Prudential's analyst has this rated a strong buy.