1. Investment thesis
Meredith Corp. (MDP), the US mid-cap company which publishes magazines and newspapers and which is a TV and radio broadcaster, made a strong comeback in November 2020 with shares almost tripling. The
Meredith Corp.: The Growing Value Beast
Summary
- The media company Meredith has been growing for a decade before the pandemic hit revenues in 2020.
- After the first six months of FY 2020/2021, the company is back on track.
- At current levels, the stock offers not only growth perspectives but also great value.
- Despite a gain of more than 60% YTD, the stock will probably climb further this year.
Investing in European, Asian and American stocks since 2013 with focus on value, growth at reasonable price and dividend income. Portfolio performance since inception: 2013: +30.3%, 2014: +23.1%, 2015: -4.6%, 2016: +12.7%, 2017: +3.4%, 2018: -7.4 %, 2019: +24.6%, 2020: -3.2%, 2021: +87.5%, 2022: -23.8%, 2023: +9.9%, 2024: -1.4%Total return (2013- now): +208.3 %
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