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Astral Media (ACM.A.TO)

TOP PICK
Have interests in specialty and pay TV, radio and out-of-home billboard ads. Paying down debt and buying back shares. Good cash flow business.
TOP PICK
We are going to have 5 or 6 telecom companies advertising in a big, big way in Canada. Advertising agencies are hiring. Trading at nice but cheap valuation. Balance sheet is strong.
TOP PICK
Broad-based with radio stations in 8 provinces, specialty TV channels, billboard advertising and is benefiting from the general increase in ad revenues. Had a nice quarter and the forecast is very good.
TOP PICK
A value play. Fantastic management. Reported better numbers in Q4 indicating a turnaround. Deserves a better multiple than they are trading at.
BUY
Won’t bid for assets of Can West. They paid off debt; car companies are spending more on advertising. Looks cheap.
TOP PICK
Did well during the recession. Stable recurring revenues from pay-TV with HBO, a specialty channel, over 80 AM/FM radio stations and approximately 8000 outdoor billboards. Thinks a gradual recovery of advertising will happen this year.
BUY
It’s a multi voting class share so that foreigners can’t majority stake in a media. It’s on his radar screen and if they buy CanWest specialty channels, how much would they pay.
PAST TOP PICK
(Top Pick Aug 25/08, Up 2.3%) Good long term growth story. Got out earlier this year, Growth is slowing a little bit.
COMMENT
Under known and under followed. Have nice exposure to some specialty channel programming. A nice safe media company. Solid management. Hurt with poorer advertising revenues.
TOP PICK
Some of the media stocks have come down a long way recently. This one has been a perennially strong stock and has always traded a little bit more expensively. Used to trade at 10X operating cash flow is now trading at 7 or 8. Still own the pay-TV and specialty channels. They bought standard broadcasting radio.
BUY ON WEAKNESS
Between this and Corus, this has been the better operator. Pay TV has been a good thing, digital is a driver, radio has really moved up and advertising (particularily outdoor) has been good, so they have been firing on all cylinders. Current price is OK for a long term hold.
TOP PICK
Well run. Low leverage. Good assets. Earnings are rising.
TOP PICK
Expects advertising to start increasing. Good assets.
TOP PICK
Good portfolio of assets. Oversold.
PAST TOP PICK
Still likes. Not so dependent on ad revenues.
Showing 16 to 30 of 34 entries