|
|
Enron Mail |
To be honest, my gut reaction was to take the cash, but since Dylan had
already done a lot of work in the other direction I didn't have the time to redraft everything so, like you, I went with the flow. Interesting thing about last nights discussion, almost the entire class disagreed with much of his premise which was that there was no real need for Time to vertically integrate. ********************************************** Mark D. Guinney, CFA Consultant Watson Wyatt Investment Consulting 345 California Street, Ste. 1400 San Francisco, CA 94104 (415) 733-4487 ph. (415) 733-4190 fax ____________________Reply Separator____________________ Subject: Re:RE: Time Warner Author: "Jeff.Dasovich@enron.com" <SMTP:Jeff.Dasovich@enron.com< Date: 05/01/2001 1:34 PM there was a strong case for that. only thing preventing was the internal DCF of the time-warner deal being 183-212 (or something)---so why didn't the market put that value on it? I went with what i thought the flow of the group was, but it was a tough row to hoe. where were you on it?
|