I exchanged AT&T (T) for Time Warner (TWX). Their merger currently gives TWX a 6% premium. AT&T is offering $107/share for TWX. Time Warner is currently priced at $101/share. Time Warner's (TWX) Current Price = $101/share AT&T (T) Offer = $107/share $107/$101 = 1.06 (1.06 - 1) x 100% = 6% I like AT&T. I think AT&T will be around forever. But we could sure use a 6% gain. We sold all of our AT&T holdings and bought Time Warner (TWX). Hilton Worldwide's (HLT) Forward P/E Ratio is currently at 35 which is expensive. We see other things we like better. HLT Forward P/E Ratio = 35 Disclosure: We own shares in Time Warner (TWX) and no longer own shares in Hilton Worldwide (HLT) |
My Financial Blog >