Steve Tananbaum, Investment Manager, Thinks Belo (BLC) Should Trade Higher

Steve Tananbaum, GoldenTree Asset Management, just told the audience at the Value Investing Congress he thinks Belo (NYSE: BLC) should be trading above 20. He says Belo is getting to the point where the credit markets would finance 100% of the transaction to buy Belo.

Belo is a media company with a diversified group of television broadcasting and newspaper publishing operations, including interactive media and cable news operations.

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