TWX beats estimates by $.02
Grabbed this off Reuters - Now I'm feeling good about my reccomendation to buy TWX, and the 100 shares I bought myself. I'm going to watch the ticker close this morning and might sell if it opens up more than a dollar. you can read the full article here . As much as I think TWX is undervalued I'm seeing a value play opening up in Intel (INTC) which has been beaten to a pulp and I think will have a soft bottom at somewhere between $21.85-$22.15
NEW YORK (Reuters) - Time Warner Inc. (NYSE:TWX - News) on Wednesday reported an 80 percent jump in third-quarter profit, beating analyst expectations, as high-speed Internet and digital phone services drew more subscribers and online advertising sales increased.
Addressing concerns by billionaire activist Carl Icahn, Time Warner also said it more than doubled its stock buyback commitment to $12.5 billion from $5 billion.
The world's largest media company said earnings rose to $897 million, or 19 cents per share, from $499 million, or 11 cents per share, a year earlier.
posted by Investing Monkey @ 6:53 AM
2 Mon' Backs
2 Comments:
Don't sell, if the whole AOL thing and stock buybacks work, it could go higher. J. C. says it could go to $22, I think so too.
The only way I'd sell is if it jumped up to $18.45 or above, and it seems that the only thing I'd do with the money at this point is get back in on a dip below $18, and it seems investors are being as stupid about intel as I thought they'd be today. Plus they're getting alot more viable with this cell phone deal.
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