Stephen TakacsyFor those who haven't seen it, NLN is the last stock in the clip. GLTA
https://www.bnn.ca/Video/player.aspx?vid=772243
NeuLiion -
CORE HOLDING SINCE EARLY 2014.
NeuLion is a U.S.-based leading technology company enabling video streaming of live and on-demand sports content and TV Everywhere over internet connected devices. It has agreements with sports teams, broadcasters, video/cable distributors. Revenues are based on usage and subscribers revenue-sharing. It has strong management (ex-Computer Associates team). The stock was hit hard in August and lost over 50 percent of its value when NHL sold its U.S. digital broadcast rights to MLB who uses their own technology platform. However, since then, NHL has had problems with MBL and has signed an agreement with NeuLion to help them out. Meanwhile NeuLion has renewed contracts with NFL and NBA, and has been growing internationally, for example with Univison (largest Spanish broadcaster). Valuation is dirt cheap at 4.3X 12-months trailing EBITDA for fast growing high margin recurring business. No debt (US$60M of cash). Possible NASDAQ listing in 2016. We have been buying up to the mid-$0.70’s.