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Check out Disney Comcast Time Warner Cable and Charter stock movements so far today.
Watch as the internet becomes all video over the next decade. OLD MEDIA RULES!
Disney blows out earnings. New net neutrality rules being discussed. Who wins??? The Kings of Content and Distribution of course.......This ain't rocket science. Sometimes the market just brings undervalued gifts :)
Sirius doing beautifully. Time Warner reporting earnings tomorrow. CBS reporting Thursday. These 2 are on my radar after what Mel said last month on CNBC and Moonves said last week on CNBC. After Comcast and Time Warner Cable's merger is complete I am looking for content to enter the merger game. Fox failed at getting Time Warner last year.......I'm watching.......I see big potential in a matchup. It may be down the road a bit, but I see potential for a deal here.
Steiny - Infinity to CBS to Viacom. Sirius and XM. Comcast and NBC and now Time Warner Cable. I am now positioning for Time Warner CBS. I may be a year or 2 early and it may never happen but when I saw these 2 interviews I took notice. This just opens up a whole new avenue in my mind
http://www.cnbc.com/id/102320949
http://video.cnbc.com/gallery/?video=3000352576&play=1
You know what I find so interesting. It's almost like a throwback to the 80s, as the big buybacks continue in media, just as Sirius is being valued on Free Cash Flow Per Share, a ton of the content media companies are being valued on earnings per share again. As share counts go lower, Wall Street is starting to rely on EPS as a preferred measurement tool over EBITDA on many content companies. I don't remember this happening for about 30 years, but I just got back into several pure play content stocks recently. Merrill currently has Disney, TWX, CBS and FOXA all with targets based on 2016 EPS multiples. Fascinating.
Not happening with the cable companies yet. They are still being valued on EV/EBITDA multiples.