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Rovi Corporation Message Board

  • rchites rchites Oct 7, 2012 8:58 PM Flag


    Bret Jenson had some good reasons to buy- Positives for Rovi:

    The new CEO just purchased $225K worth of shares at $15 a share.
    Glenview Capital has built up a stake in the stock now totaling 7% of the outstanding float. It has less than 1% of the shares as of the end of March.
    Toys R Us just announced a new video streaming service that will be powered by Rovi.

    Rovi Corporation provides digital entertainment technology solutions for the discovery and management of entertainment content

    6 additional reasons to pick up ROVI at just over $13 a share:

    The stock is cheap at just 88% of book value and 7 times operating cash flow.
    The company has a strong patent portfolio with over 5,000 patents that cover its programming and information services. Its programming guides serve over 90% of digital TV households in the United States, but it is just starting to expand in the international market.
    The 9 analysts that cover the stock have a median price target of $18 a share, some 30% above the current stock price.
    Consensus earnings estimates have finally stabilized after falling for months. In addition, revenue growth is projected to resume with a 7% gain in FY2013 after being slightly down in FY2012.
    ROVI is priced at less than 7 times forward earnings, a huge discount to its five year average (15.6). The stock also sports a five year projected PEG of under 1 (.71).
    The stock recently bounced off its long term technical support level of $10. The stock has been over $60 in the last few years presenting a solid risk/reward profile

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