On BNN Stephen Takacsy was on BNN at noon.He talked aboutTVA.B
TVA.B, is the biggest Quebec TV broadcaster.It is highly profitable and trades at
One third of it's book value,It has hardly any intangibles(witch is rare in this industry).
It has no long term debt and trade at ridiculous levels
After he talked about the situation, the stock went up more than 10%
It broke upward resistance.
The show will be broadcast again tonight at 6:00 p.m.
His take on TVA.b was.
1-Extremely profitable company
2-Generates a lot of cash, cash flow
3-Probably the cheapest broadcaster on earth
4-One of the cheapest stock
5- Trades at 3 to 3 1/2 earnings
6- Trades at 2 time EBITDA
7- Very small float
8- Will eventually be privatized(controlled by Quebecor)
9- Little analysts coverage
10- Quebecor would save a lot of money on the public company cost
11- Lester mngt owns the stock
12- WORTH 2 TO 3 TIME WHAT IT'S TRADING AT RIGHT NOW.
13- Very good upside with very little down side.
14-Company will never go bankrupt.
15- Just have to be patient.Privatization will happen one day and shareholders will be rewarded