CanWest Global Comm. (CGS.V)

DON'T BUY
In the short term, there is a huge compression of advertising revenue. There is real risk on the ad base. Their specialty TV channels are doing well. This is a risky, speculative stock.
DON'T BUY
Have a lot of debt, which is an issue. Very risky stock.
DON'T BUY
This is an incredibly tough sector right now. Balance sheet is a bit of an issue.
DON'T BUY
Feels this is more of a value trap right now. Looks cheap when looking at operating metrics but you have to step back and look at the economy. Big drivers of this company are the newspaper and TV station and their big drivers of revenue are housing, consumer and auto.
TOP PICK
Have messed up so many things in the past year. At current levels, the stock is reflecting near bankruptcy. However, they have an operating cash flow of almost $700 million. It is worth more dead than alive if you broke it up. At this level you should be able to make money on it.
BUY
Lot of deep value investors have been putting in large positions. The evaluation is extremely cheap. Looks like it’s coming close to a bottom. Good support in terms of smart money.
COMMENT
The real fear in a lot of the media companies right now is, are the advertising dollars going to slow down. If your outlook is long-term, it could be an all right investment at this point.
SELL
Media are having a difficult time, this one finding it rougher than others. This is not the right place for right now. Not going to turn around in the short run.
DON'T BUY
(Market Call Minute.) A model price of $3.76. A -8% differential.
BUY
Alliance Atlantis deal was approved by the CRTC and was a very big win for them. This will allow them to get the specialty cable television channel. Also have the Australian, New Zealand and Irish TV all fits of which they are selling off.
TOP PICK
Sentiment is so negative right now that when you add up the value of the Australian assets and the newspapers it covers the current stock price and the debt. You’re getting the television operation and the Alliance-Atlantis purchase almost for free. There could be a few strings attached to the current acquisition. Thinks the market has oversold.
DON'T BUY
Market has been waiting for the promise of this company to come through and it really hasn't come through so there was a big selloff. Still trading at his Fair Market Value so he cannot see any upside at the present.
DON'T BUY
Media group has been very out of favour. This one does not look attractive and has been backing off since February. Would be looking for companies that have been able to buck the trend.
DON'T BUY
Of all the media stocks, it’s the one that ne would be the most dubious about. None of their assets are doing fabulously well.
DON'T BUY
None voting shares are never a deal breaker, but there is an additional risk that should be compensated for. Thinks that canwest management is being clever, but he's not buying.
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