Filed under: Deals, Rants and raves, Competitive strategy, General Electric (GE), Time Warner (TWX), Citigroup Inc. (C), Time Warner Cable (TWC), Bargain stocks, Media World

The Mothership, Time Warner (NYSE: TWX), owner of AOL, Time Inc., Warner Brothers studios and this site has been going nowhere fast. TWX was one of the first stocks I ever bought (and sold) 25 years ago. I re-acquired TWX after the bubble collapsed the market and from that point about six years ago I am up over 50%. However those gains came early, buying in at $12.10. The stock has been treading water for three years closing yesterday at $18.61. The chart below indicates TWX was at that level in 2004.

At one point the stock was infused with excitement when Carl Icahn bought a substantial amount of shares and pushed for major changes. The stock went up through January 2007 and has been meandering back down ever since. During this time the company has bought back shares, reduced debt, closed its cable deal (spinning off Time Warner Cable (NYSE: TWC)), produced some successful movies, sold some under-performing businesses including magazine interests and increased shareholder equity. But the stock lags the market and is down for the year even though it has some strong metrics, like a price-to-book value of 1.32 (LFY).

Continue reading Time Warner (TWX): No catalyst or no leadership? Some comparisons

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This entry was posted on Saturday, September 1st, 2007 at 4:11 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.