QRTEB

Qurate Retail Inc

TMT


Presented:07/26/2018
Price:$21.16
Cap:$9.94B
Current Price:$3.80
Cap:$1.51B

Presented

Date07/26/2018
Price$21.16
Market Cap$9.94B
Ent Value$21.62B
P/E Ratio5.11x
Book Value$12.39
Div Yield0%
Shares O/S469.61M
Ave Daily Vol481
Short Int0.09%

Current

Price$3.80
Market Cap$1.51B
Qurate Retail, Inc. engages in the business of video and on-line commerce industries. The firm's principal businesses and assets include its significant consolidated subsidiaries: QVC, Inc., Backcountry.com, Inc., Bodybuilding.com LLC, CommerceHub and Evite, Inc and its equity affiliates Expedia, Inc., HSN, Inc., FTD Companies, Inc., Interval Leisure Group, Inc. and LendingTree, Inc. It operates through the following segments: Skyhook, Charter, Corporate, and Other. The Skyhook segment offers precision location solution and geospatial insights product. The Charter segment includes an equity method investment that is one of the providers of cable services in the United States, offering a variety of entertainment, information and communications solutions to residential and commercial customers. The company was founded on September 23, 2011 and is headquartered in Englewood, CO.

Publicly traded companies mentioned herein: Qurate Retail Inc (QRTEB)

Highlights

The presenter is long Qurate Retail Group’s tracking stock, QRTEB, and believes the company is somewhat misunderstood. The company is the #3 e-commerce player in the market, and its recent share price weakness (roughly -25%) can be attributed to integration of HSN, which it acquired in mid-2017. With the potential for HSN’s contribution to the overall business to improve meaningfully and a transition to an asset-backed security on the horizon, the risk/reward is favorable in the low $20s. Looking out to 2020, the stock could be worth $30+.

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Idea Discussion

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