Tuesday, March 22, 2005
WILL WINGNUTS HAVE TOO MUCH FUN SHORTING ALJ?
Its reporters were temporarily banned from the New York Stock Exchange but its shares could soon enjoy free rein: Al Jazeera may go public. But one analyst believes the company should shun the US before we shun them:
"Practically speaking, it makes little sense for Al Jazeera to list their shares in the U.S.," said Paul Kim, media analyst for Traditional Asiel Securities. "They would have a broader audience in Europe" where there is "probably less of a bias."Perhaps the Paris Stock Exchange might prove a profitable haven.
