TVA Group

TVA.B-T

TSE:TVA.B

1.28
0.03 (2.40%)
TVA Group, Inc. is a Canadian communications company with operations in broadcasting, publishing and production.
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Analysis and Opinions about TVA.B-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 21, 2014

Probably the cheapest broadcaster in North America. Controlled indirectly by Quebecor (QBR.A-T). Largest broadcaster with the largest market share in Québec. Very neglected stock. Doesn’t pay a dividend. Trading at under 5X EBITDA versus the group trading at 9-10 times. Conventional TV assets are in slight decline as are most conventional TV assets with advertising declining little bit. Being compensated by the growth in Specialty channels that they’ve been launching. Have a publishing division, mainly magazines, that has really turned around and making some very good profit margins. The big news is that they have landed all the French broadcast rights for the next 12 years in all media. Very low valuation.

TVA Group (TVA.B-T)
January 21, 2014

Probably the cheapest broadcaster in North America. Controlled indirectly by Quebecor (QBR.A-T). Largest broadcaster with the largest market share in Québec. Very neglected stock. Doesn’t pay a dividend. Trading at under 5X EBITDA versus the group trading at 9-10 times. Conventional TV assets are in slight decline as are most conventional TV assets with advertising declining little bit. Being compensated by the growth in Specialty channels that they’ve been launching. Have a publishing division, mainly magazines, that has really turned around and making some very good profit margins. The big news is that they have landed all the French broadcast rights for the next 12 years in all media. Very low valuation.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$9.650
Owned
Yes
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