ASCMA liquidation

I have recently liquidated my ASCMA holdings, now that the stock has risen very close to my target price. I had held the stock for around 7 months, and liquidated at a 45% gain over my purchase price, so this position has worked out quite well for me. This move is in no way a criticism of Malone’s recent Monotronics. Certainly, the recent investor presentation portrayed Monitronics as a company possessing remarkable growth and an innovative dealer-servicing model. However, in the end, I found it difficult to analyze Monitronics because it is a privately held company, and the recent details released by Ascent Media in press releases are not sufficient basis for a thorough analysis. I believe that the ASCMA shareholder base is in the process of turning over from value investors to investors who are investing based on their faith in Malone. The stock will probably stay for a while in this trading range while the value investor overhang clears, and then may well continue its ascent as details about Monitronics become clearer. As for myself, I am content to liquidate at this price, and move on to several other stocks that I find provide more value for the buck.