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NYSE:TWX

Time Warner Inc (TWX)

98.77
-0.00 (0.00%)
as of Jul 22, 2019, 4:00:00 am Market Open.
2 watching
0
PAST TOP PICK

(A Top Pick April 18/12. Up 68.81%.) This is all part of the mobility move. This company has TV everywhere. They own HBO and Warner Bros. Studios as well as some print operations. Have just gone into a partnership with Netflix.

TOP PICK

We are in an Olympic year and a presidential year. For the presidential side they own CNN as well as publication people and Time as well as Warner Bros. This is a content play.

HOLD
(Market Call Minute) Strong cash flows.
TOP PICK
Owns Warner, CNN, HBO. Feels that the catalyst here is the digital platform that they have. Have a join venture with Comcast called TV Everywhere. Eventually they are going to monetizing the ability for people to see their shows on laptops on the go. 12X earnings and 2.5% dividend. Very good value.
COMMENT
His model price is $7.70 a negative 2% differential. If you own and there is a bounce, he would sell.
DON'T BUY
4 key segments. Some catalysts going forward but it is a big risk. AOL subscribers declining at a rapid rate. Publishing business is tied to advertising, which is very weak. Film/entertainment segment is challenged but there are opportunities. Network side is tied to advertising. Time Warner cable is being spun out for $9.2 billion and can be used for buybacks, debt reduction and acquisitions.
DON'T BUY
His company doesn't like the movie business. He owns Disney (DIS-N) because of ESP and theme parks. Movie business is a classic “no barrier to entry” business. Historically it hasn't been a very good business.
BUY
A company that will probably go down in history as having made the worst acquisition ever. Bought AOL at the top and has had a hangover affect ever since. As a result of the 5 years of the stock doing nothing, the valuation has finally caught up with itself. Much more attractive than it has ever been.
BUY
At its long-term support. Broke out of its long-term support in 2006, fell back, recovered but did not make a new high, so is not in a long-term trend. Because of the volume, the drop and the panic, value investors are coming in looking for the $21 level. A definite sell point would be $17.50.
HOLD
Nothing new or exciting happening in the next year. Have to add a few parts to the package in addition to what they did with AOL. Balance sheet is a little bit stretched. Sum of the parts is worth more than the existing stock. Doesn't think there's much downside.
TOP PICK
Made the right decision with AOL. Cable business is doing very well. Publishing business will be OK. Great potential for growth. Undervalued.
PAST TOP PICK
(A Top Pick Oct 406. Up 13.1%.) Still likes it. Their cable business is fantastic.
SELL
Doesn't see a huge future for this company. The home media sector is changing so quickly that the ink on paper sector is being left behind.
BUY
Bought a great growth story and has paid the price ever since. Expects AOL will get turf out and the markets will react positively to it. Have great franchises and wonderful businesses.
BUY
Much better off than the telcos. Fibre optics gives much more capacity. Good cash flow and they are paying down debt. Possibly selling off AOL.
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