This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Hold Nose, Get Long News Corp. Despite Rupert Murdoch, 'Fox News'

Stocks in this article: NWSACMCSAGE

NEW YORK ( TheStreet) -- I never rule out going back to school.

Between undergraduate and graduate school, I spent about six and a half years entrenched in academia. By and large, those years were some of the greatest and most satisfying of my life.

I am all for self-education, but there's nothing like participating in the exchange of ideas that happens in the classroom.

The political wackos have it all wrong, by the way.

I attended one of the nation's most "liberal" universities, San Francisco State, for four and a half years. I also attended the University of California, Irvine, which is situated in conservative Orange County, for two. At both institutions, professors bent over backwards to not only air, but respect views from conservative students to ensure diverse and meaningful dialogue.

> > Bull or Bear? Vote in Our Poll

If I ever go back, I'll likely take up graduate study in a discipline where I can focus on investor psychology. That doesn't seem like a very political area, but, in many ways, it's inherently political.

I can envision a dissertation such as Do Politics Influence the Stock Picks of Retail and Institutional Investors?

At all levels -- from individuals to professional fund managers -- sociopolitical conviction, to varying degrees, absolutely enters the picture when selecting investments.

Can you get long a company's stock despite your sociopolitical disdain for the way it operates, something some segment of it does or somebody or something it directly or indirectly associates itself with?

Most recently, we had to endure the seemingly senile ramblings of former General Electric (GE) Chairman and CEO Jack Welch. You know, his inane Tweet that Obama's boys rig the jobs numbers that come out of Washington.

Even if Welch still had the faculties to run GE, I would consider owning the stock. It's a fine company. Among other things, I love that GE has a 49% stake in Comcast (CMCSA)-controlled NBCUniversal.

For similar reasons, ( explained in this article), I am long News Corp. (NWSA). In fact, for a small-time guy, I own a considerable position: 950 shares at a cost basis of $24.57.

Almost across the board, NWSA makes a wonderful investment. And, now that it's set to spin off its woefully performing publishing arm, cue up my favorite Wall Street analyst cliche: The move will unlock value for shareholders.

While he can be a charming fellow (saw him do a nice enough interview on CNBC a few weeks back), News Corp. top dog Rupert Murdoch ultimately will share rice pudding, afternoon bridge games and early-evening reruns of The Jeffersons with Welch.

You really have to hold your nose to own a company run by a guy who has a hard time with impulse control and management of his Twitter feed.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,817.90 +7.84 0.04%
S&P 500 2,069.41 +5.91 0.29%
NASDAQ 4,754.8920 +41.9220 0.89%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs