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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The Murray Wealth Group
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at Raymond James Investment Counsel Ltd.
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.