AOL (Update)
AOL Inc.
TMT
05/16/2014
Presented
| Date | 05/14/2014 |
| Price | $36.81 |
| Market Cap | $2.94B |
| Ent Value | $2.98B |
| P/E Ratio | 27.19x |
| Book Value | $30.65 |
| Div Yield | N/A |
| Shares O/S | 79.94M |
| Ave Daily Vol | 4,650,000 |
| Short Int | 6.61% |
Current
| Price | $49.99 |
| Market Cap | $3.92B |
| AOL Inc. provides various digital brands, products and services to consumers, advertisers, publishers and subscribers worldwide. Its Brand Group segment offers content created by journalists, politicians, celebrities, academics, policy experts, freelance writers and bloggers, curated content, curated and aggregated content from third parties, and user-generated content through AOL.com and The Huffington Post sites, as well as Engadget, StyleList, and TechCrunch branded properties. This segment also consists of entertainment brands, such as Moviefone and Games.com; technology and marketplace brands comprising DailyFinance; and lifestyle brands, including Kitchen Daily, StyleMePretty, and Makers, as well as operates MapQuest, which offers online mapping and directions services. AOL Inc.’s Membership Group segment provides online storage, privacy, and security solutions to technical support, back-up and unlimited dial-up Internet access options, computer protection, and partner discounts; computer tools, maintenance, online technical support, anti-virus software, identity theft protection, online and social media privacy and reputation monitoring, online learning and other lifestyle services; and communications tools, such as AOL Mail, an e-mail service. The company’s AOL Networks segment offers interconnected programmatic, video, and premium advertising services for advertisers and publishers through Advertising.com, AOP, Adap.tv, Marketplace, The AOL On Network, Be On, ADTECH, and Pictela platforms. AOL Inc. distributes its content, products, and services through subscription access services; open Web, the Apple App Store, the Google Play Store, the Amazon Appstore, and the Android Market; and toolbars, widgets, co-branded portals and Websites, mobile aggregators, third party Websites, and social networks, as well as through search engine marketing and optimization distribution methods. The company was founded in 1985 and is headquartered in New York, New York. |
Please note, this is an update to Long - AOL Inc. which was originally presented on February 19, 2014.
Publicly traded companies mentioned herein: AOL Inc. (AOL)
Highlights
Despite a nearly 20% decline in AOL’s share price since mid-February, the presenter remains long. He believes the longer-term value is present, and at just 5-5.5x 2015 EBITDA estimates there is limited further downside risk. While management has not done the best job of managing EBITDA expectations, in his opinion, getting rid of Patch is working in AOL’s favor and Adap.TV is growing well.
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