Clearly the last 5 years have been terrible for Chyron, but not Hego. I am glad MWW will be gone soon. The new CEO has demonstrated an ability to focus resources on initiatives that can drive profits.
And as has been said previously most of my recently multiples of return (like average of 20X) have been made in media bought in 2008 & 2009. Media industry is getting healthy and CHYR is beginning to see the benefits of stronger customer base as well as its own merger.
I think CHYR will ultimately return us 4X to 8X from here.
Analysts And Yahoo Did Everything right. Look at the yahoo evc statistics page. Q3 estimate was 9 cents. Actuals shown at 9.3 cents.
Estimates are for the ongoing business not refi, not sales of assets.
Like if EVC had sold 10 stations for 200M and a 150M gain it would still be a 9 cent estimate and 9 cent actual. Not a 9 cent estimate and a $2.50 actual.
You are short is what you are... :-)
Look at the yahoo statistics. 9 cent target and 9.3 cents reported.
Please stop trying to scare the ignorant with your miss talk....
Instead mention EPS growing by more than 100% next year.
You should have covered around $5.20 today! Not smart.
You can make up cost excuses - but EVC exceeded Q3 EPS estimates and now you are looking straight down the barrel of greater than 100% EPS growth in 2014.
Very strong cash flow growth is already here in Q3, and only to accelerate into Q4 and 2014. Everything looks great now that the big bad refinance is behind us.
Q4-13 as the first clean quarter will be very nice too.
I will continue to buy this slide. I had planned for buying into this predictable lack of understanding, but did not expect such a large "gift". Glad I was ready to receive... :-)
I don't think it will stay under $6.50 for very long. 17% core TV growth in October is very strong and predictably better than anyone else in the industry - EVC trouncing English core growth. Radio being up well above industry growth is good too. The already great 2014 outlook seemed to improve with healthcare. I like the direction of current initiatives.
Interesting how many times CEO mentioned the industry buying up "whole companies" leaving limited acquisition targets.
I wonder how many investors had not comprehended the Q3 refi impact?
Seems like 70% of this msg board. But I would assume the real investors anticipated the one time expense and and the 9 cent plus earnings and benefits of a 7 year 3.5% debt deal.
The question is how many Dingle-berries like you are out there? You totally have no clue despite being schooled on this board many times.
They refinanced. It's a one time event and sets up the next 7 years.
We are all afraid of people like you! :-) They refinanced remember? That is all well known and public but as you point out some may not understand. Could be a buying opportunity, if some take advantage of people like you....
They made more than 9 cents. I was wrong. They surpassed the analyst estimates somehow.
FCF was great too. But will be better with a full quarter at the new low rates.....
You forgot to mention that Entravision now owns 100% of Entravision Reps which is working advertising deals with hundreds of stations across the country (not just the Entravision radio stations). EVC buying out 100% of that venture for pennies was one of the smarter things our CEO did during the recession.
Along a similar line of thought -- EVC becoming the ultimate US Hispanic marketing broker - what are your thoughts on the "Big data" initiatives? It seems to benefit EVC in multiple ways. They create, own and sell access to valuable Hispanic marketing information which does not exist currently. And secondly most studies info points to a huge relatively untapped and under-marketed Latino market in the US. As that becomes better understood the huge disparity between the price of English advertising and Spanish advertising is closing and will continue to bring huge growth to EVC. I'm not sure what the current pricing ratio is? I believe it costs something like 3-4 times more to advertise to an English eyeball than a Spanish eyeball.
Massive upside revenue potential as that historical pricing gap closes even slightly.
We know that July was strong from the last earnings call and that fact was factored into the analyst estimates. But there were also solid indications from EVC that August was soft at their Q&A conference a while back. August softness was probably not factored into analyst Q3 estimates as I did not seen them decline. And September is a complete unknown, but I can't imagine why it would have exceeded expectations given the general economic environment of uncertainty. I would say there is a 95% chance of Q3 EPS coming in under the analyst target (excluding one-time refi costs, etc).
It may be irrelevant but they are coming up against higher political advertising from Q3-12. They should shown a total revenue decline year over year, even as the more important core revenue will be up substantially.
I will put my neck out there and predict that we take a small short-term hit, followed by strong gains over the coming months as EVC is truly rainbows and lollipops with the 7 year refi & today's earnings behind us.
Are these not the same "in the know" institutions that were selling at the $1-2 price last year?
EVC has a long way to go - totally misunderstood. Understandably so. Oxen group is a prime example.
Q3 financials will be distorted by one time refi costs. Will the maket comprehend that? No matter, by Q4 earninngs we'll be seeing the pure undistorted cash & earnings power of EVC....
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.....