John Rogers Comments on Nielsen Holdings
- By Holly LaFon
Leading global provider of data and analytics about what customers watch and buy, Nielsen Holdings Plc. (NYSE:NLSN) finished the quarter up +2.81%, however because the company underperformed its consumer discretionary peers, it negatively impacted relative returns by -27 basis points. While NLSN's Board of Directors continues to review strategic alternatives, we believe our thesis in the name remains mostly intact. We underestimated the competitive intensity for the Buy business in emerging markets, however the Watch business continues to be solid. At today's valuation, we see the risk/reward skewed sharply to the upside. With new management in place, an engaged board and a well-respected activist investor involved, we remain optimistic that decisive actions will be taken to fully realize the value of its sum-of-the-parts.
Warning! GuruFocus has detected 2 Warning Sign with NLSN. Click here to check it out.
The intrinsic value of NLSN
From John Rogers (Trades, Portfolio)' first-quarter 2019 Ariel Fund shareholder letter.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 2 Warning Sign with NLSN. Click here to check it out.
The intrinsic value of NLSN
