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Another great announcement but the market reacts negatively. Well, here it is 11 days after my last post (and I sometimes feel like I'm the only guy that follows this fabulous company) and UPCOY (which is 2/3 owned by our UCOMA, announces that it is going to do an IPO on its Chello subsidiary (broadband ISP). I don't know the details about percentages retained by UPCOY, etc. but at an estimated valuation of roughly $10 billion, I would expect the market to reward our holding rather than punish it.
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