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Murray Stahl on Ascent Capital
Posted by: Grass Hopper (IP Logged)
Date: March 2, 2014 09:37AM

In the case of Ascent, again, it's really not the purpose of this call to talk about investments of that type, but just understand that the strategic thrust is to put together a string of acquisitions in burglar alarms, because the whole idea is that burglar alarms are very similar to the cable business, and you know who orchestrates the big mergers in the cable business. It really isn't that different, and with the rise of technology there are all sorts of services that are possible to provide over the conventional burglar alarm wire, and we're in the first inning of seeing those advances happen. And, of course, if you follow Ascent, you'll know it's a small cap company that doesn't have a lot of float, and it's a volatile stock.... It goes up a lot, it goes down a lot and I guess that's the nature of the beast.

Source: FRMO Corp. Q2 2014 Conference Call




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