No. of Recommendations: 2
Trading just under $100 / share, looks like good value.
They seem capable of earning nearly $7.00 a share this year, which would imply a PE around 15x...
Yes, they seem to have halted the slide of the brand, and you could even say they’ve finally found their footing in streaming, but I think the jury is still out on the trajectory of future earnings. They still haven’t regained their mojo, and if anything the competition has become tougher in virtually every one of their major business segments. The new CEO has to demonstrate he can move the company forward and engage a new generation of consumers. He seems to be doing fine so far (I’m a fan rooting for him), but it’s early days. Earnings still seem fragile. Probably not a bad entry point if you’re patient, but I’m not ready to come back yet.
abromber
