Welcome to the World of Forgive-and-Forget Investing
When I first saw the Newscorp (NWSA) numbers, I shuddered. What a shortfall -- miserable. Fox was terrible. American Idol flailing. Way too short a World Series, and with teams nobody seemed to care about. Pro-football playoffs ratings disappointing, a bunch of small market teams. European cable a nightmare and maybe getting worse. Terrible numbers out of Australia. It was a first-class rout, and I saw the stock tick down immediately, from $28.50 to $26 and change, right as I was doing "Mad Money."
We own it for ActionAlertsPlus -- and here I was, so excited about the coming break-up into the fast-growing Fox entertainment properties and the slower-growing publishing enterprise, that I neglected to look at the near-term....563 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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