A somewhat contrarian piece in BusinessWeek puts it right out there: "Keep an eye on Time Warner. Pretty soon investors will be coming back." Well, maybe. But that's not a unanimous opinion, not by
a long shot. Even Dick Parsons, CEO of the beleaguered media giant, concedes that Wall Street is generally negative on the company, in part because of the debacle that followed the merger with AOL, in
part because the company represents Old Media. Which is not the place to be right now, particularly as the Internet companies are experiencing a very nice resurgence in the markets. Business Week,
however, sees the company poised for a significant bounce. Pointing to several recent developments -- particularly the AOL deal with Google and a stock buyback program -- the magazine believes Time
Warner's long corporate nightmare is nearing an end. "The smart thing to do now," says BW, "is to buy the languishing stock before the big investors catch on that some significant moves are about to
take place, with major deals as soon as the third quarter." Fundamentally, Time Warner is still Time Warner, a big, burly conglom with a treasure trove of content. Yet it's the *perception* of the
company that matters, says
advertisement
advertisement
Read the whole story at Business Week »
