ValueVision posted a great quarter with sales growth that bested its two competitors QVC and HSN and posted its first EBITDA positive quarter in over two years. The shares round tripped, first spiking 7% but ending down 8% for the day, due, we believe, to some profit taking.
This presents a buying opportunity for the shares, which are worth over $7 by the end of 2011, according to our math. See our valuation here.
From the call, it became clear that Comcast should likely take hold of the network and build it into a competitor to the other two networks. Thus the future looks bright for the company.
Friday, November 19, 2010
Subscribe to:
Post Comments (Atom)
Posts
tommy hilfiger oakley outlet louboutin outlet nike shoes for men barbour sale lululemon australia chanel handbags bags outlet ralph lauren australia prada shoes salvatore ferragamo free running ugg boots coach bags abercrombie and fitch nike outlet store knockoff handbags uggs canada polo ralph lauren nike roshe converse outlet cheap true religion jeans coach outlet store oakley sunglasses louis vuitton handbags christian louboutin dre headphones pandora jewellery australia tiffany und co burberry canada michael kors canada toms shoes outlet zapatillas nike thomas sabo burberry nike air max gucci outlet ugg tommy hilfiger outlet oakley nike running shoes louis vuitton the north face nike schuhe coach outlet store gucci uk nike store polo ralph lauren outlet maccosmetics.com pandora
ReplyDelete