Barry Schwartz
Astral Media
ACM.A-T
TOP PICK
Jan 16, 2012
Likes companies that have low valuations, great history of rising dividends and potential for double digit earnings growth in the coming year. This company’s earnings have been growing. Probably trading at 10X earnings. The only media stock left that doesn't have a partner. Really excited about their new product HBOGO that competes with Netflix.
Really likes this. Stock has underperformed and he has no idea why. Delivers record earnings year after year and has just raised its dividend from $.75 to $1. Buying back shares. Doing everything right but for whatever reason, people are concerned about a slow down.
There has been a lack of liquidity in the stock. Hopefully the thesis will work out with this name. Buying back shares, valuation is cheap, raising dividend, management is doing everything right. There has to be a lot more upside.
Sold his holdings when he thought there were just too many regulatory risks. Was surprised when the BCE takeover did not go through. Thinks this will get sold eventually. Fairly priced.
(ACM.B) If the business stays as it is, it is a beautiful cash flow generator. Balance sheet in wonderful shape. It is still a takeout candidate. It's a good business and can continue to grow.