On january 20th, i came on this board because CJR.B and TVA.B are in the same industry.
TVA.B was had closed at $2.90 on the previous session.I got hate mail from a few of you
who thinks that they own this board.
I was just saying that both company have merits on their own but in my views, TVA.B was way
way undervalued.This was not to say that Corus is a bad company.
So fast forward one month.TVA is trading as i write at $3.64.A 26% increase in a single month.
The beauty of this, is that this is just the start.
M.Takascy just talked about TVA on BNN TV.It's one of his top 3 pick
The show will be on replay tonight at 18:30.You will have to listen to the end
since he talked about TVA in the last 4 minutes of the program.
By shedding light on this company, it will slowly grind higher and higher.
Yes it is illiquid,most days, it trades by appointment but the undervaluation is there
and his starting to be recognized by some.
N, it does not pay a dividend because it is keeping it's cash to grow their filming
business(Mel's Studio).Thgey have started to build a bran new studio.
This will be their 4 th one and it will be at state of the art one.
Yes you can send me hate mail but you are missing a great opportunity to double if not more you investment
He said the company is a cash machine, it generates 80 million in EBITDA.
80 cents in earnings.Trades at 2 time EBITDA and 4 time P/E.
He also said "were can you find a cheaper,higher quality than that?
He said that he honestly believe that one day the company will be privatized.
Applying a reasonable 6 time EBITDA, we will get north of $10.
On day, the deap chasm that exist between the assets value, the profitability and the pristine
balance sheet of TVA will be reflected in the selling price of this company.
It's always funny how investors mind works.When the stock is dirt cheap, investors stay
away, thinking that there must be something wrong with the company.
When it starts to appreciate (What is starting to happen right now), then investors
confidence pick up.
While the volume is as usual, very low, technically, it is very strong.There is no head resistance.
We will see this stock in the $5 to $6 before year end if not more