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  • AMC Networks: Don't Invest, Just See A Movie [View article]
    I appreciate your valuation analysis, but quite honestly, I believe you're heavily discounting the management factor and leadership. Contrary to making a quick buck, Wanda a China based company actually still owns 80% of AMC and plan to hold onto it as a greater part of their international expansion. They only IPOed 20% to retire some debt. Furthermore, much of the stock offering was offered to employees and AMC members first. When the IPO valuation was provided, management purposely gave it a lower valuation to incentivize employees, management, and loyal customers to support AMC. Wanda happens to be run by China's 2nd richest man, and as the biggest resort company in China, I'm quite sure that he has the connections and power to open up new busines opportunities for AMC. Either way, it is clear that the interests of the management and one of China's most prominent businessmen are aligned with the shareholder.

    Furthermore, the majority of large institutional mutual, pension, I-bank funds etc. haven't paid much attention at all to this newly IPOed stock. If AMC does perform on earnings and merits the attention of Wall Street, the large institutions will only add buying pressure to the stock inflating the price.

    I believe that the leadership and vision of Wang Jian Lin a business rockstar in China acts as a suitable margin of safety, for he wouldn't want an 80% investment to crash. Furthermore, he bought AMC at 2.6 billion. The current market cap is less than 2 billion. He clearly still sees value in a company that he himself owns.
    Jan 10, 2014. 06:19 AM | 1 Like Like |Link to Comment
  • J.C. Penney: The High Cost Of Recovery [View article]
    To anyone that's been visiting JCP stores, can you provide objective insight as to how customer traffic and purchasing has been faring along with where the specific JCP is located?
    Dec 21, 2013. 12:03 PM | 1 Like Like |Link to Comment
  • Yahoo's (YHOO -1%) search page is the latest product to be given a facelift by the Web giant: faster page loads and a more streamlined navigation bar are part of the package. Though Yahoo depends on Bing for search results, Marissa Mayer has argued "most of the innovation on search" will occur at the UI level, where Yahoo can differentiate. comScore estimates Yahoo had 12% of the U.S. search market in April, but its global share is much lower, and a tiny mobile share isn't helping. Meanwhile, a BI survey of 1,200 readers finds 57% saying they're "unhappy" with the revamped Yahoo Mail: users complain about performance, disappearing e-mails, and message-loading errors. [View news story]
    I think all the hate is unwarranted, I actually hated the old UI and am really happy with the new one, yahoo will go far under Mayer
    Jun 5, 2013. 04:42 PM | Likes Like |Link to Comment