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PROSPECT ACQUISITION Message Board

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  • StkrePETER StkrePETER Aug 25, 1999 5:35 PM Flag

    Cost factor

    Nice PIX. Keep them coming. I wish I had your spare time.

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    • According to Yahoo Quotes and News is now $735
      million.
      There are two semi-famous people (other than Bud) who
      like this stock.
      One is James Marsh who has
      currently valued the stock at $32. That is up from his year
      end target price of $18 that he made previously. He
      is an analyst at Prudential Securities.
      His price
      increase was based on FCC deregulation. Another fan of
      deregulation is Mario Gabelli of the Gabelli funds. He also
      owns and likes PAX. He is old enough to remember when
      all telephone companies were highly regulated by the
      Gov't. When regulation came off, the prices of the phone
      companies shot up in the following years. He thinks this
      will happen again, this time with broadcasting
      companies. So expect to see PAX market cap increase. If
      anyone knows any famous or semi famous people who like
      PAX, feel free to add their names.

      • 1 Reply to LLRobert
      • There are lots of news stories today about a
        possible CBS/VIA deal, which if it happens, will
        undoubtedly give PAX a large pop to the upside. Reports are
        that it is unclear whether CBS will acquire Viacom or
        if Viacom will acquire CBS. The CBS board on Yahoo
        is full of this story.

        Viacom, whose stock
        sells for around $33 is saying they won't sell for less
        than $100 a share in any buyout or merger. If this is
        the first broadcast station deal to occur since the
        FCC rules changes, it will give investors an idea of
        how much more PAX's stations are worth now.

 

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