Post by
TrickyGuy on Apr 24, 2018 9:25am
Funny stock
This company owns and produces TV , films and merchandising. Its biggest strength is in the children's portfolio with the Peppa Pig franchise, PJ Mask and others. They own the rights to TV and films produced by Mark Gordon (Grey's Anatomy, Saving Private Ryan, Narnia Chronicles) as well as a partial interest in Steven Spielberg's company. Cash flow is provided by the film distribution business (largest in Canada, UK, Spain, etc.)
The stock is funny. It trades in London, UK, even though its headquarters are in Toronto, Canada. In fact, it is in the LSE index. But since there are no virtually media analysts in Europe, it trades at a discount to its North American peers. CPPIB (Canada Pension Plan Investment Board) owns 20% of the company, purchased from a UK hedge fund in 2015. Eventually, this will trade in North America (Toronto Stock Exchange or NASDAQ) or get taken over by a company like Disney or Comcast/Universal. Management owns a lot of stock.
Disclosure: I am long the stock. It is in my top 10 stock holdings in fact.