The arbitrageur’s case for AT Time Warner shares
cheap Canada Goose A hurricane of criticism has engulfed the AT Warner deal, with Wall Street mostly opposing it for the usual reasons when huge mergers are announced. The skeptics believe, first, that government regulators won approve it, and, second, canada goose outlet in usa that AT (T) is overpaying by a large margin for Time Warner (TWX). cheap Canada Goose
canada goose deals Morningstar analyst Michael Hodel estimates that AT is paying about billion more for Time Warner than what it is worth on a stand alone basis. He figures that equal to $2.90 per AT share. Since he skeptical of the strategic benefits of combining content ownership canada goose outlet store new york and distribution, Hodel says he likely lower his AT value estimate to around $35 a share, once canada goose parka outlet he finishes sifting through the details. canada goose deals
canada goose clearance That just about where AT is trading now, down from $38 a few days ago when canada goose outlet store toronto deal news emerged. A year ago, the stock was trading at around $43 on its own steam. But for the long term investor, AT valuation has become attractive precisely because of it latest initiative to something. before the Time Warner deal, equity analyst Angelo Zino at CFRA Research (formerly S Capital IQ) had recommended AT as a buy. He put a price target of $46 on the shares, encouraged by what he described as expansion, new
