RE: Analyst ratings of Mood Media Sorry, one last thing to add on to my previous post...this is taken from the April interview with the Byron analyst...keep in mind he is referring to Q4 2012.
Goff says he is encouraged by Mood Media’s guidance, pointing out that it slightly exceeded his own expectations. He says the company’s move to higher margin video business hurt them in Q4, 2012 because of upfront equipment and installation costs, and this theme will continue into Q1, he believes. (looks like he was wrong on that part)
But with a $25 million undrawn credit facility and $46 million in unrestricted cash, Goff says Mood Media has the necessary buffer to weather the transition. The Byron analyst says he sees limited downside given free cash flow support while potentially aggressive upside with demonstrated stronger financials. In a research update to clients this morning, Goff maintained his BUY rating and $2.10 one year target on Mood Media.
Well, Mood just demonstrated stronger financials and they did it in one quarter....something nobody, including Byron Capital was expecting......I'll be interested to see the updated analysts' one year targets in the near future.
MC (o.k., I'm done, lol)