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Author Topic: Art's picks for Thursday.
Art
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ART'S PICKS - OVERSOLD STOCKS THAT COULD MOVE UP SOON

May have to hold for more than a week to get benefit. Listed at interest prices (estimated short term support level). Need to watch to determine best buy price. Actual buy price will depend on stock behavior and market conditions at the time of buying. Check news, etc. before buying.

Thursday's (5-6) picks:

ARRS 6.2

CGR 1.05

CIEN 3.98

COSN 5.08

ECIL 5.25

GBI .48

GES 15.25

HMP 2

HOFF 2.06

IBIS 7.52

INNO 1.35

LENS 4.8

MVIS 7.8

MXT 7.16

PWER 9.2

RBAK 5

SRSL 4.5

TBIO 1.35

TLGD 12.25

TSM 9.6

VITR 3.48

WRLS 9.9


Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
TraderGene
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Art.
Looking to buy Adelphia Communications. Sticker name ADELQ or ADELQ.PK. There are a strong interest of buying that company by Comcast and Time Warner!

quote:
Originally posted by Art:
ART'S PICKS - OVERSOLD STOCKS THAT COULD MOVE UP SOON

May have to hold for more than a week to get benefit. Listed at interest prices (estimated short term support level). Need to watch to determine best buy price. Actual buy price will depend on stock behavior and market conditions at the time of buying. Check news, etc. before buying.

Thursday's (5-6) picks:

ARRS 6.2

CGR 1.05

CIEN 3.98

COSN 5.08

ECIL 5.25

GBI .48

GES 15.25

HMP 2

HOFF 2.06

IBIS 7.52

INNO 1.35

LENS 4.8

MVIS 7.8

MXT 7.16

PWER 9.2

RBAK 5

SRSL 4.5

TBIO 1.35

TLGD 12.25

TSM 9.6

VITR 3.48

WRLS 9.9



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Art
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Got ADELQ at .76
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Bob Frey
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Art a Pink?
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Art
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Not responding well to good news.

Maybe because of down day.

Getting out at .77 with a very small profit, if I can, and if this happens it will then go up bigtime.


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TraderGene
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New York Daily News - http://www.nydailynews.com
AOL is a keeper, for now
By PHYLLIS FURMAN
DAILY NEWS BUSINESS WRITER
Thursday, May 6th, 2004

Dick Parsons is brushing off suitors for AOL. With the picture beginning to improve at the long-troubled Internet giant, the Time Warner boss is thinking twice about bailing out.

Wall Street sources said Parsons has been sending that message to prospective buyers from the investment world, who are itching to snap up AOL on the cheap.

Much of the interest is coming from private equity firms, like Blackstone Group, KKR, and Thomas H. Lee - who have lots of cash to spend.

Parsons is said to be seeking $20 billion for AOL - more than double what he's being offered by financial buyers.

"He's being approached," a source said. "He has no plans to do anything right now."

But while financial buyers are being spurned, sources said they expect Parsons to listen to strategic buyers, such as Microsoft or Yahoo, who could merge their operations with AOL and slash costs.

For now, Time Warner will monitor AOL's progress and revisit the matter in the near future. If the media giant decides to sell, it would "retain a meaningful stake," in the company, the source said.

That would let Time Warner cash in if AOL continues to improve.

Parsons' tougher stand on the company's sales prospects come as AOL begins to show signs of life after years of turmoil.

In the most recent quarter, the division surprised Wall Street with a 21% profit rise - its best quarter in years. Much of the jump came from cutting costs.

But AOL also showed progress in ad sales. That's after watching ads dollars shrink by a staggering 40% last year.

While the online giant is still being ditched by subscribers, its loss of 237,000 in the quarter was lower than expected.

AOL, however, is adding broadband customers - 600,000 more signed up in the quarter - luring them with an expensive ad campaign and exclusive content, like big-name concerts. The online giant didn't even enter the broadband business until last year.

"I don't think anybody with the possible exception of the people here who run it quite appreciates how valuable it really is," Parsons said on a conference call last week discussing the earnings report with analysts.

"They were crowing about the AOL results," said Angela Kohler, media analyst at Federated Investments. "This management has maintained that it can turn around this business."

But Parsons may have to sell AOL to get cash for deals. He's said to be considering a bid for cable giant Adelphia. And Parsons has teamed up with Thomas Lee for a possible run at movie studio MGM, in competition with Sony.

"Everyone knows AOL needs capital to do the Adelphia deal," a media investment banker said. "I'm sure every private equity firm is calling him."

quote:
Originally posted by Art:
Got ADELQ at .76


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TraderGene
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Reuters
Comcast, Time Warner may make joint Adelphia bid
Wednesday May 5, 7:53 pm ET
By Michael Learmonth and Kenneth Li


NEW ORLEANS/NEW YORK, May 5 (Reuters) - A scenario whereby Comcast Corp. and Time Warner Inc. join forces to purchase bankrupt cable operator Adelphia Communications Corp. would be good for the industry, analysts said on Wednesday.
A Comcast executive earlier on Wednesday confirmed Wall Street speculation that it could see a potential combined bid with Time Warner to purchase bankrupt cable operator Adelphia.

"If there would be some way we and Time Warner could do something jointly, that may result in a deal," John Alchin, Comcast co-Chief Financial Officer, told Reuters while attending the National Cable & Telecommunications Association annual conference in New Orleans.

But Alchin said the strategy remains in the planning stages at this point.

"There is no guarantee that that is going to happen," he added.

Under pressure from creditors, Adelphia last month said it would pursue a possible sale as an alternative to a stand-alone, post-bankruptcy plan as originally envisioned.

The company is in the process of interviewing bankers to pursue the sale option, although it may continue to use its restructuring bankers Lazard to pursue a sale, an Adelphia spokesman said.

Comcast CEO Brian Roberts last week said the company was interested in purchasing Adelphia among other expansion options, moments after dropping its hostile bid to buy Walt Disney Co.

However, company officials said that Comcast did not need to expand further.

"Whether we have 21 million subscribers or 26 million subscribers, we're really indifferent," Alchin said. "So we can be a very disciplined buyer."

In a scenario bandied about by industry analysts and investors, Time Warner and Comcast would jointly bid for Adelphia's cable systems. As part of the arrangement, Time Warner would swap cable systems with Comcast, in a move that would go toward eliminating Comcast's 21 percent stake in Time Warner Cable.

Analysts said the idea was plausible as the transaction is likely to be tax free.

"Comcast would like nothing better than to be able to exit its interest in Time Warner Cable in exchange for cable systems rather than receive cash in an IPO," said Craig Moffett, an analyst at Sanford C. Bernstein.

Mark May, an analyst at Kaufman Brothers agreed, "In fact it's one of the structures that makes the most sense."

Comcast received the stake in Time Warner's cable unit when it acquired AT&T Broadband in November 2002.

"We are engaged in discussions to explore options and approaches for Comcast to exit this investment," Time Warner Chief Executive Officer Richard Parsons told reporters on Monday. "We have 3-1/2 years left. Fortunately that gives us the time to be thoughtful and create value on both sides."

A Time Warner spokeswoman declined to comment further.

Comcast shares lost 41 cents, or 1.38 percent, to end at $29.26 in Wednesday trading on the Nasdaq. Time Warner shares fell 5 cents to $17.06 on the New York Stock Exchange. (Additional reporting by Dane Hamilton in New York)


quote:
Originally posted by Art:
Got ADELQ at .76


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TraderGene
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Adelphia narrows merger adviser pool - source
Tuesday May 11, 2:29 pm ET


NEW YORK, May 11 (Reuters) - The contest between investment banks to conduct the potential sale of bankrupt cable operator Adelphia Communications Corp. has been narrowed down to a handful of candidates, a source familiar with the matter said on Tuesday.
Lazard, which has been acting as Adelphia's investment banking adviser during its bankruptcy, is in the running for the top spot, with UBS, Merrill Lynch & Co. Inc. and Morgan Stanley also vying for a share of the business, the source said.

More than one of the candidates could end up working on the sale process.

quote:
Originally posted by Art:
Not responding well to good news.

Maybe because of down day.

Getting out at .77 with a very small profit, if I can, and if this happens it will then go up bigtime.



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Art
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Thanks for the info update.

ADELQ is attractive here at present levels.


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TraderGene
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Stock moving up on buying news

NEW YORK, May 13 (Reuters) - Liberty Media Corp. (NYSE:L - News) could ally with Cox Communications (NYSE:COX - News) to acquire part or all of bankrupt cable company Adelphia Communications Corp. (Other OTC:ADELQ.PK - News), Liberty's Chief Executive Robert Bennett said on Thursday.
http://biz.yahoo.com/rf/040513/media_liberty_1.html

quote:
Originally posted by Art:
Thanks for the info update.

ADELQ is attractive here at present levels.



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