You're getting AOL for less than nothing. Time Warner's assets are worth substantially more than the price of the valuation of the stock. It's that simple,
More Quotes from Stephen Leeb:
If the retail sales number is a little lighter than forecast, that may be seen as bullish for stocks in that it takes the edge off the inflation issue,Stephen Leeb
You would normally expect that lower energy prices would boost the stock market, but it hasn't, ... Lower energy prices and lower energy stocks suggest that there is a broader worry about economic growth.
Stephen Leeb
Goldman Sachs ... yesterday took it off their recommended list for reasons that made no sense whatsoever. This is as high a quality company as you can imagine. They did make some round-trip energy trades, there's no doubt, but they amounted to one quarter of one percent of their business. It had no effect on their profits. Energy trading is about 65 cents or about 30 percent of Duke's earnings. I would just buy Duke with my eyes closed at this point.
Stephen Leeb
We are dependent on the kindness of rogues. Most developed countries are producing all they can and have to import oil. Underdeveloped countries with unstable political systems are the major sources of oil.
Stephen Leeb
First of all, (AOL) stock is down ... 50, 60 percent from its high, ... And it really hasn't changed its spots. I mean my grandchildren, if I'm lucky enough to have grandchildren, and their grandchildren are still going to know about Bugs Bunny and Time magazine. AOL is here for the count. (The stock) could end up earning a buck a share next year, maybe even a little bit more than that, 15-to-18 percent growth. Where do you get that kind of quality at that kind of price (That's) very, very difficult to find.
Stephen Leeb
Heaven forbid there is another attack and the impact of this becomes broader then you could see a longer-term effect, ... it's not going to change the basic outlook for stocks and the economy.
Stephen Leeb
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Based on Topics: Time QuotesMy ranch William S. Hart Park is for the benefit of the American Public of every race and creed.
William S. Hart
But I know that the vote of 9 out of 10 black Americans for the Democratic Party or for leftist kinds of policies just is not reflective of their opinions.
Clarence Thomas
Let us embrace, and from this very moment vow an eternal misery together.
Thomas Otway