Time Warner Inc. (NYSE: TWX) is seeing a small gain today because of bullish comments in a research note from Lehman Brothers, which reinitiated coverage of the stock with an Overweight rating.
Lehman Brothers sees numerous catalysts that could raise the stock beyond its current valuation. It also addresses Time Warner's potential break-up value. Lehman thinks that the logical moves could include complete separation of Time Warner Cable (NYSE: TWC), or a tax free sale or spinoff of its publishing assets. Another option is to publicly float a minority stake in AOL, or perhaps the internet unit may merge with another leading Internet player like Yahoo! (NASDAQ: YHOO) or even Microsoft's (NASDAQ: MSFT) MSN, Lehman says.
Anyone who has read much on Time Warner in BloggingStocks, is quite familiar with analysts call to set AOL as its own public company, or have a minority interest to be traded, like the old 'tracking stock' model. TWX shares are up 14 cents, or 0.77%, to $18.14 in early afternon trading.
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Reader Comments (Page 1 of 1)
9-12-2007 @ 2:51PM
rich k said...
wow...up 0.77%!!! I'm quiting my job and retiring to Florida.
Will this stock ever get past $23??
No
Why?
The people who run it are too stubborn and arrogant to make the positive changes other shareholders, analysts, critics have been begging them to do for the past 10 years. To hell with them.
There is a legal obligation for those running the company to do things beneficial to shareholders...they should be punished for sucking at their job.