HMTV

Hemisphere Media Group Inc.

TMT, SPAC


Presented:04/07/2014
Price:$12.30
Cap:$0.56B
Current Price:$7.15
Cap:$0.29B

Presented

Date04/07/2014
Price$12.30
Market Cap$0.56B
Ent Value$0.55B
P/E Ratio60.29x
Book Value$5.65
Div YieldN/A
Shares O/S45.12M
Ave Daily Vol40,000
Short Int0.27%

Current

Price$7.15
Market Cap$0.29B
Hemisphere Media Group, Inc., a media company, operates cable and television broadcasting networks. It produces, offers, and distributes Cine Latino, a cable television network that provides Spanish-language motion pictures and other entertainment programming in the United States, Mexico, Central America, South America, the Caribbean, and Canada. The company is also involved in the broadcast television business, as well as in the production of news and entertainment programming in Puerto Rico; and distribution of WAPA America, a cable television network primarily for Puerto Ricans and other Caribbean Hispanics in the United States. In addition, it owns and operates WAPA2 Deportes, a sports television network in Puerto Rico; and WAPA.TV, a broadband news and entertainment Website. The company is headquartered in Coral Gables, Florida.

Highlights

Media company HMTV operates broadcast TV and cable networks specifically targeted toward the Hispanic community. An underappreciated story, the company was originally the result of a reverse merger into a SPAC. The stock currently trades only about 50,000 shares per day, largely because its sponsor still owns about 70% of the company, but the presenter anticipates that it will become materially more liquid in the near future as the sponsor begins liquidating its stake.

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Idea Discussion

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