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Posted by: Michael Mandel on June 21
The willingness of Cablevision to go private just reinforces what I’ve been saying—that telecom/cable stocks are undervalued. The share of the economy going to information/communication is no higher than it was in 1997, despite the dramatic increase in capabilities. That’s going to change soon, I believe.
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.