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Article: Ask Dick Clark?. (Wall Street West).(Dick Clark Productions becomes private company)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 5, 2002
- Author:
CopyrightCOPYRIGHT 2002 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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So has the market really bottomed?
Maybe investors should turn to music host Dick Clark for the answer.
Burbank-based Dick Clark Productions, after years of lassitude on Wall Street, recently went private in a deal that took the company's shares off the Nasdaq.
When the pace of going private transactions quickens, it's sometimes a sign that Wall Street has gotten too bearish about prospects for small- and mid-cap fortunes, said Brooks Dexter, managing director with USBX Advisory Services Inc., boutique investment bankers in Santa Monica.
If public valuations sink low enough, private investors might snap up other such "orphan stocks." ...