TIME

Time Inc

TMT


Presented:04/15/2015
Price:$23.57
Cap:$2.58B
Current Price:$28.36
Cap:$1.84B

Presented

Date04/15/2015
Price$23.57
Market Cap$2.58B
Ent Value$3.44B
P/E Ratio29.7x
Book Value$26.33
Div Yield3.22%
Shares O/S109.49M
Ave Daily Vol940,000
Short Int12.03%

Current

Price$28.36
Market Cap$1.84B
Time Inc., together with its subsidiaries, operates as a media company that publishes magazines in the United States, the United Kingdom, and internationally. It publishes magazines under People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune, and Food & Wine names in the United States, as well as approximately 50 diverse titles in the United Kingdom, such as Decanter and Horse & Hound. The company also provides content marketing, targeted local print and digital advertising programs, branded book publishing, and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service, and fulfillment services for third-party clients, including other magazine publishers. In addition, it operates magazine related Websites; markets magazine subscriptions in the United States; and publishes branded books, including soft-cover ‘bookazines’ through magazine-style ‘check-out pockets’ at retail outlets and traditional trade book channels; books on a range of topics aligned with its brands, including special commemorative and biographical books; and books under various licensed third-party brands and original titles. Further, the company publishes various home, cooking, and health books under its lifestyle-oriented brands and under licensed third-party brands; and licenses approximately 50 editions of its magazines to publishers in 25 countries. The company was founded in 1922 and is headquartered in New York, New York.

Publicly traded companies mentioned herein: Meredith Corp (MDP), Time Inc (TIME), Time Warner Inc (TWX)

Highlights

The presenter is long shares of Time Inc (TIME), highlighting a number of accretive real estate-related activities forthcoming over the course of 2015, as well as the possibility of M&A activity in the magazine space providing another tailwind to share prices. In his view, the magazine industry is stabilizing and risk of further decline is limited.

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