+ Watch ASCMA
on My Watchlist
Deteriorating technicals and other things convince me this is about to become one more demonstration of the hazards of buying high.
IBD EPS, RS, SPROE, Acc ratings plus P/E and div yieldBUSINS SVC 3 87 DB-, NO EARNINGS
Here's the buy rec:http://www.fool.com/investing/general/2011/03/23/rising-star-buy-ascent-media.aspx?source=ihpsitota0000001&lidx=5
I'm always skeptical when I see things like "$337,188,000 in cash and cash equivalents" where the market cap is 385.37M, but it looks like this one's legit. They took a big hit from the writers strike last year which is why the large negative EPS. They also aren't quite break even this year. However, with that stack of cash they aren't going bankrupt.In this environment cash is king. They have it and I don't. I dunno...could be wrong too.
Super Mario(Gabelli) pick
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