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Entravision Communications Corporation Message Board

  • outpissed outpissed Sep 9, 2013 5:54 PM Flag

    Oxen group is wrong

    It's a cute article. They apparently had summer interns crunch a few numbers to give it some false weight.

    EVC is worth at least 12x projected EBITDA less net debt.

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    • It is amateur time - what a terrible report. Almost appears it was covertly written to drop the stock? They totally "forgot" to factor in the August refinance impact on 2014 EPS!! But they still had a "positive" opinion even though their 36 cent EPS is wildly low! Oh please! If the refi from 9% to 3.5% had happened as of Jan-13 EVC would have surpased 36 cents EPS this year! With no particular catalysts!

      You would think they would have found that bust - they state their 2014 revenue estimate is much higher than the analysts concensus but then their EPS is 30% lower?? Come on Oxen!! If EVC 2014 revenue comes in as high as you predict they will fly past the analyst's 50 cent projection...

      And taxes at 25%? We all know EVC has no material cash taxes for the foreseeable future!

      This was a covert slam job! Somebody wants to accumulate.....

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