Here is another thought acestrump. If you notice Robert Bakish is a director at AVID and also an executive VP at Viacom. Other then the last amount of shares he received he has been purchasing shares starting in October 2014 at prices ranging from $6.14 to as high as $16.97. It wouldn't surprise me if Viacom attempted to acquire AVID. It may not be such a bad idea considering all the turmoil Viacom has been going through.
Well there is definitely accumulation. If this rumor does become reality it would make sense shares would be scooped up at these prices and rise. Im hoping it rises significantly before being taken out if this rumor holds any merit but love the action either way as this stock is so undervalued it ridiculous imo
The one reason a time warner deal would make sense is that there are not many media properties that are popular with millennials these days. Having Avid would make them more relevant since many millennials are making more use out of posting their own videos and recordings
Im surprised if thats out there this is not bidding at $8 now. I hope thats coming next lol
It was just announced today and its fairly huge ( a city block) but the implications go far beyond that. It would however be helpful to know and understand the monetization of such a venture - over time.
Those who don't know how to do it....will be left in the dust.
AVID's CLOUD platform is the perfect vehicle for teaching, for training, for sharing and collaboration.
DONT MISS THIS TRAIN: WE ARE GOING TO $50.00
Sentiment: Strong Buy
That TIME WARNER has a new relationship and ongoing collaboration with AVID because they are interested in pursuing this company as an acquisition. They see this a leg up in their desire to migrate the existing cross platform media businesses into one, across the cloud. AVID has extensive knowledge by trial and failure in this arena. For them this is a value play on multiple levels. I don't know if its true or not but it comes from a VERY reliable source who is not allowed to talk about such things. I had to read between the lines of his words to figure this out but Im pretty sure this is what he was getting at.
Sentiment: Strong Buy
If Avids management hits it right and leverages their software this stock could be a monster in my opinion. Video and audio recording is becoming ubiquitous and with more and more people making use of video platforms editing will become even more significant. This is the third wave in the evolution of the information highway, Its time management leveraged this opportunity. This stock at its peak was selling at $66.90 a share. Selling at only 4.5 times earnings is ridiculous. If the company starts to increase its cash on hand significantly while minimizing debt there is no reason they shouldn't be selling at a multiple of 18 which would make this a $23.50 stock especially since quarterly year over year top line growth was 20 percent. Perhaps management needs a new Investor Relations head to boot
Quite frankly Im shocked someone has not tried to scoop this company up already at current levels. The one thing this company needs to do I believe is to hire someone who was an investment banker with a prominent firm to head the Investor Relations department and get out there more in order to attract additional institutional and retail investors. Road shows, conferences etc etc
Agree. Suddenly with everyone from Apple to Adobe jumping onto the "Cloud" with a special focus on "streaming media" , AVID is suddenly a secret gem in the rough. Fact is, they've been doing this very same thing well ahead of the pack. Look for the deep pockets big cap entity's to either partner with or acquire AVID outright. Im thinking about companies like Time Warner, Disney and Comcast. Having been a long time owner of AVID over the years I can tell you its been a rags to riches ride at least 4 times over the past decade. We are currently in a state of "rags". This time will be no different. I believe its time to get in now if you want to be in for the "riches".
Sentiment: Strong Buy
Either way if I was an Adobe or a big cable operator I cant see how they could ignore this cheap valuation for long with a brand that has a huge reputation in the film and audio industry. Thats just my two cents. This company is ridiculously cheap at current levels imo
I can see that it might. But a more likely suitor might be one of the big vertically integrated Cable/Production companies that utilize Avid not only for the creation of content, but for their behind the scenes collaboration and distribution. Its all about the migration to the Cloud. Avid's IP in this arena is quite valuable.