Stephen Takacsy, B. Eng, MBA Asian Television Network International SAT-X BUY Jan 29, 2018

Down 24% in the last year. It got way ahead of itself. He has been accumulating shares and is the second biggest shareholder. Now in the low $2s it is attractive. 4% dividend.

This was a top pick on BNN previously when he was on. This is the largest ethnic broadcaster in Canada. He really likes the recent quarterly results. Advertising revenues are trending up and costs are being contained down. Very well managed company and very profitable. A long-term hold for him.

(A Top Pick Aug 21/14. Down 21.04%.) He likes it even better with the new CRTC rules, because an independent broadcaster in Canada, is going to benefit tremendously from the new “pick and pay” regime and the Skinny package. They have about 400,000 viewers across Canada that watch foreign channels, and are forced to pay $40-$45 for a basic package to get only a few channels that they really want. He can see them increasing profits over the next few years by over 50%.

New CRTC rules should not impact Asian television, but may benefit it due to skinny basic packages. Their advertising revenues have held in quite well. Asian television has produced a lot of shows. They are sitting on some valuable content. Growth will resume sometime this year. It is thinly traded and has no analyst coverage. This kind has been some of his best investments. 5% dividend which he expects to be increased. He is one of the biggest shareholders.

Advertising revenues are up, but piracy is up. They are working hard to fight piracy in general. There has been some dislocation from the new CRTC regime, but there have been small price adjustments. He thinks things will stabilize in the next few quarters. Advertising revenues continue to grow and that is a good sign. It is rock solid and the dividend is safe, but you have to be careful with illiquid stocks.