Tuesday, July 10, 2012

Steady Is the Head That Wears The Crown

I like the way that Crown Media is weathering the market volatility lately.  I own Crown, so let me be upfront about that.  I've watched the stock go down, way down, from where I bought it at $1.60 or so.  Now it's in the $1.70's.  It seems to have won some investors over or, perhaps, "some folks" have sensed that it is a cheap acquisition target.  I ask myself, which is more likely?  While it has posted decent performance numbers of late, nothing that would suddenly make it overly seductive in a very dangerous market like the current one.  Here are some thoughts from a fellow who agrees with me that Crown should be an acquisition target:


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