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The market continues to see T as a phone company nearly to the exclusion of
the fact it is now the largest cable company in America. Cable = broadband
and broadband = services, services, services. This is a "what have you
done for me lately" market with a near zero patience level. I believe that
Armstrong will bring T back into the good graces of the market but it may
not happen until the cable profits begin seriously replacing the losses in
long distance revenues I'm adding to my position in T at these bargain
prices. I see the upside conservatively at +$30 and the downside risk to
-$8 or so. I like that risk/reward basis.
Good trading and investing,
Bob
At 10:17 PM 9/26/00 -0600, you wrote:
> Group: I have question from my bother-in-law, I am
>wondering if any of you can comment. Thanks, GW & It is
>trading at its book value.
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