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Entravision Communications Corporation Message Board

  • bostonsonics bostonsonics Aug 1, 2013 5:27 PM Flag

    outpissed what are your thoughts on the cc? Thanks.

    So far sounding good at the 5.27 PM mark.

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    • Core revenue up 11% is amazing when compared to all those hot buy-out target English media properties which are nearly flat.

      The financing is a great deal in terms of greatly enhanced future earnings, but more importantly it speaks to EVC business prospects in that they can get such a low long term rate. It indicates EVC was considered a risk free investment by the bank group which fully vetted EVC's business prospects for the next 7 years.

      What more can be said? Political, soccer, are recurrent streams with proven massive growth that is incremental to the 11% core. Healthcare is a nice bonus too. Immigration reform - whichever way that unfolds it keeps the growing economic importance of the Latino population at the forefront.

      They didn't even mention Univision topping all domestic networks in the July ratings sweeps (by a wide margin). EVC management is known for its modesty. They under promise and over deliver.

      You also have to like their acquisition strategy - they don't do anything stupid. They are focused on leveraging/improving the performance of the great assets they already have. Small moves with great results.

      With the refinance, strong top line growth, and the lack of incomes taxes my cash flow projections look great and EVC has proven itself to be a great advocate of shareholder returns. The past 2 years have seen very significant dividends.

      Overall EVC has become modern, transformed itself, embraced new forms of media, and even new business models with Entravision Reps. EVC is an innovative company in a great growth segment of a hot industry.

      I think the thesis is confirmed.

      • 2 Replies to outpissed
      • Thanks for the great analysis. Glad I bought market open today.
        GL all.

      • It won't take long for investors to figure out that a conservative forecast for EVC would put free cash flow at well over 80 cents a share in 2014 once they factor in the current refinance. Given the robust cash generation and strong growth of their end markets I would expect the pps to be well north of $10 within 4 or 5 months. Possibly in the $15-$20 range by Q1-14 as reality settles in with investors.

        EVC is the only public player dedicated to this now established high growth frontier in American marketing $'s.

 
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