Monday, February 21, 2005

Is Cox Radio next ?

Cox Enterprises took one of its divisions, Cox Cable (COX), private a few months ago at a small premium, scoring a hit for me at that time.

Will it follow up with the same for another of its public divisions, Cox Radio (CXR). I definitely think so. While the premium is likely to be 15% or lower, the strong insider buying coupled with the current attractive stock price, makes this a buy.

I own a few shares of Cox Radio, and am planning to buy more under existing conditions.


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