Through The Fly's Eyes: Time Warner Inc.
More Reasons To Look At Time Warner
Theflyonthwall.com's news feed service referred to a Barron's Online piece suggesting to get back into Time Warner (TWX). The piece cited Time Warner's underperformance relative to all their big media peers: Rupert Murdoch's News Corp. (NWS) is up 20.2%, while Disney (DIS) and CBS (CBS) are each up 30.8% and 8.6%, respectively in the same time period.
According to this Fly, to see what will drive Time Warner's stock look at Comcast (CMCSA). Comcast supposedly past 1 million VOIP users in August, adding over 300,000 new voice customers in the quarter. Actually, a lot of the cable companies are having VOIP success and there is no reason why Time Warner will not.
Another factor to consider is that the cross over point for AOL is approaching. Where advertising and other revenue versus subscription revenue will be measurable by the investment community. This visibility should take selling pressure off of this stock.
Add to this the always impatient Carl Icahn banging on Dick Parson's door and you have a confluence of factors that can drive this stock higher.