Eliot Murray
Long only, deep value, contrarian

The 'New' News Corp.: Unwanted And Very Undervalued

As Joel Greenblatt elaborated on in his book, You Can Be a Stock Market Genius, corporate spin-offs are a great place to look for bargains, due to forced and indiscriminate selling of the unwanted spin-off. News Corp (NASDAQ:NWSA) was recently spun off from its "parent" company, 21st Century Fox (NASDAQ:FOXA) and, in my opinion, has experienced institutional selling pressure due to most professional investors preferring the more exciting and higher growth Motion Picture company over the ugly step sister: Newspaper and Book Publishing.

However, NWSA's international assets are what constitute most of the enterprise's value, a value which I place as high as $25 per share (58% upside from current stock price). These underappreciated assets...

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