It is overvalued. He exited the majority of his position. Would get back in at $20 because of their library value in case they get taken out. Sees higher prices going forward.
Stock price when the opinion was issued
Not crazy about the dual class share structure. They have a great inventory of films and content but priced at over 20 times.
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National Bank Financial
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Private Wealth Management, ScotiaMcleod
5i Research
It is overvalued. He exited the majority of his position. Would get back in at $20 because of their library value in case they get taken out. Sees higher prices going forward.