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HMTV - Near Term Upside, Targeting $15 July 27, 2017

|Includes: Hemisphere Media Group, Inc (HMTV)

Summary

Hemisphere Media Group is a Spanish-language cable and television broadcaster located in the U.S. with over 20 million subscribers across its multiple networks

The business concept is great – the company takes Latin American content and repackages it to the U.S. population

It remains a question how well HMTV is positioned to transition to online channels and what effect that would have on revenue

But overall, the stock is priced relatively attractive at its current levels ($12 – July 19, 2017), with some upside based on a 10x EBITDA multiple on 2018 earnings pricing it at $14.73/sh ($14 after discounting for lower voting share)

2017-07-19 HMTV Investment Memo.pdf

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in HMTV over the next 72 hours.