CNBC's Contributor Carol Roth Sees Great Opportunity In Time Warner After The Stock Declines
CNBC contributor Carol Roth talked to Kelly Evans Tuesday about Twenty-First Century Fox's (NASDAQ: FOX) decision to withdraw the bid for Time Warner (NYSE: TWX) and said that she is not buying the story, but she is buying Time Warner stock.
She explained that this issue is not going away and that this proves that a lot of parties including the management value the company at a higher level than it is trading today.
Given the fact that Time Warner is selling off more than 10 percent in after-hours trading on this news, Carol Roth believes that this creates a great opportunity to buy the stock.
Roth added that if Time Warner doesn't take a proactive action to bulk itself up and buy some smaller media companies it will remain very vulnerable to takeovers from companies like Twenty-First Century Fox.
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