AMCX

AMC Networks Inc

TMT


Presented:04/07/2017
Price:$60.26
Cap:$4.28B
Current Price:$7.83
Cap:$0.35B

Presented

Date04/07/2017
Price$60.26
Market Cap$4.28B
Ent Value$6.34B
P/E Ratio16.24x
Book ValueN/A
Div Yield0%
Shares O/S70.95M
Ave Daily Vol679,617
Short IntN/A

Current

Price$7.83
Market Cap$0.35B
AMC Networks, Inc. is a holding company that owns and operates cable television networks through its subsidiaries. The company operates its business through two segments: National Networks and International & Other. The National Networks segment principally includes four nationally distributed programming networks: AMC, WE tv, IFC and SundanceTV. These programming networks are distributed throughout the United States via cable and other multichannel video programming distribution platforms, including direct broadcast satellite and platforms operated by telecommunications providers. The International & Other segment principally includes Chellomedia and AMC/Sundance Channel Global, the company's international programming businesses; IFC Films, the company's independent film distribution business; Chello DMC, the broadcast solutions unit of Chellomedia; and various developing on-line content distribution initiatives. AMC Networks was founded by Charles Francis Dolan on March 9, 2011 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: AMC Networks Inc (AMCX), CBS Corp (CBS), Lions Gate Entertainment Corp (LGF), Sony Corp (SNE)

Highlights

The presenter is long shares of AMC Networks (AMCX). He feels the bear case, particularly The Walking Dead issues, have largely been manifested in the share price over the past 12 months, and that the company is well-positioned to beat estimates moving forward. In addition, he believes there is a credible take-out scenario for the company. Should the presenter’s thesis play out, AMCX shares could appreciate back toward $85.

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Idea Discussion

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