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Stingray Group Inc T.RAY.A

Alternate Symbol(s):  STGYF | T.RAY.B

Stingray Group Inc. is a Canada-based music, media, and technology company. The Company provides TV broadcasting, streaming, radio, business services, and advertising services. It also provides an array of music, digital, and advertising services to enterprise brands worldwide, including audio and video channels, over 100 radio stations, subscription video-on-demand content, FAST channels, karaoke products and music apps, and in-car and on-board infotainment content. The Company operates through two segments: Broadcasting and commercial music and Radio. The Broadcasting and commercial music segment specializes in the broadcast of music and videos on multiple platforms and digital signage experiences and generates revenues from subscriptions or contracts. The Radio segment operates several radio stations across Canada. The company distributes its products and services through various platforms that include digital cable TV, satellite TV, OTT, the internet, mobile devices, and others.


TSX:RAY.A - Post by User

Bullboard Posts
Comment by Neddenwardon May 15, 2017 10:54pm
71 Views
Post# 26247851

RE:Disappointing...

RE:Disappointing...There is a lot of news about cord cutting. I think thats why it is going down a bit. Investors are scared of cable stocks with all those news. But in my oprinion stingray wont be affected by that since the cord cutting are in majority in the united states but stingray is investing in country where the organic growth is huge. I think another reason why the stock price is falling is because the aquisitions are not making the company grow fast enough. There is a lot of aquisition but financial growth is not huge. And i feel that investors are not understanding why ray is buying a B2C app company when all music app are getting completly destroyed by spotifyand apple music. I honestly feel wierd about this aquisition but i really trust the administration and i like thr agressive thinking of boyko. I feel like they can grow a lot and that synergies will boost financials soon.
Bullboard Posts