Post by
93Darkhorse93 on May 04, 2016 7:44pm
Key Strategic Developments will Lead to Rev & EPS Growth....
Really encouraged with the adoption rate in the European Operations, the European growth alone could support the depressed valuation.
This is my favourite line of the release:
· ``North American cable operator customer began rolling out their 4K Ultra High Definition set-top boxes together with market leading content offerings for 4K sports and entertainment.``
We all know they are talking about their business relationship with Rogers. The reason why this stock traded off so poorly last year was the supposed delay in the Rogers contract. Clearly they are still working closely with Rogers.
Rogers sees value in the Espial product as do I.
The near term growth drivers are clearly in the European market with the multiple providers.
The European growth alone can support the multiple for this company and the potential growth driver of the North American business (Rogers) is just a bonus and what will return this stock back to the 4 dollar range by the end of Fiscal `16
Long, looking to add.