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Entravision Communications Corporation (EVC)

NYSE - NYSE Delayed Price. Currency in USD
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1.32000.0000 (0.00%)
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  • Y
    Yahoo Finance Insights
    Entravision Comms is up 11.11% to 1.40
  • K
    KnightR
    Interview with CFO Christopher Young https://www.youtube.com/watch?v=eRDjBwEo5us
    Entravision Communications (EVC) C-Suite Interview with CFO Christopher Young
    www.youtube.com
  • l
    lurk
    I started following "lionstock-aletrs” (Gooogle it - off course without any space or dash in between the words) and their notifications are better than anyone else.
  • d
    daninfw04
    EVC management is real class act. Looks like they are doing everything possible to keep stock price down. Why is the question. Univision after 9 months reached an agreement with DISH and back on as of yesterday. Dozens of positive press for Univision and not even a press release from EVC. On their conference call about 9 months ago they said it was costing them $340K a month in net retran. That's pretty much all bottom line. DISH claimed Univision wanted 75% increase. So, EVC is now getting $340-$595 net retran a month again. DISH had said they felt it was permanent 9 months ago and was dropping Univision forever. Now, great news and nothing. Typical EVC management.
    Two years now they can't get their annual report out on time which also crippled stock. Heads need to roll. Is BOD's even awake?
  • T
    Tony Q
    Figures my buy price finally hit at 3.18 and it goes down even more. My kind of luck
  • P
    Pops
    Would like to be able to buy again at $3. Recently bought at $3 and then sold at a little less than $4. I was hoping for more but the trend didn't look good so I got out. Thanks daninfw04. Following you in media stocks worked well again.
  • d
    daninfw04
    Terrible management. Worst in sector but they have been aggressively buying back stock and retired almost 5 million shares in last 18 months+/-. Just approved another $15 million buyback right before lawsuit announcement. Last quarter average purchase price was $2.95 and quarter before that about $3.20. You can bet they will be buying at these levels. As soon as weak hands are out this will pop. They are limited to buy just so many shares relative to volume daily. However, that small amount will reverse current trend soon. At $2.50 this is paying 8% dividend.
  • m
    meanrevers
    According to the 2020 Spending Tracker at www.fivethirtyeight.com, Bloomberg has spent $255 million on television ad buys alone. Nearly 38% of that money ($96 million) is going to Super Tuesday states, with big chunks of it dropped in delegate-rich California ($31.5 million) and Texas ($25.8 million).

    Bloomberg will want Hispanics, especially in CA and will most likely spend LOTS of money on EVC television and radio stations resulting in big upside to earnings.
  • d
    daninfw04
    William, I have been following and trading this stock for over 10 years and never lost money. I loaded up with 237,720 shares in last week or so at $3.22-$3.45. You made a few errors on your assessment. First, X dividend is the 14th not 31st.Anyone wanting to buy must do so before 12-14-18. The CRO you can bet was part of the good old boys club a asked to resign because he has not grown revenues, The $1.18 million booked in Q3 was spectrum usage rights for the D.C. station they are leasing to a religious group. The $263.9 million was not spectrum usage. It was the amount they received for selling their spectrum during the last auction. They only have till 12-31-19 to invest in similar assets are will have to pay taxes of about 20%. The amount of cash on hand is about $2.69 a share and does not exceed market cap. Just wanted to make sure we are stating facts.
    Main concerns is their main revenue driver which is digital is still losing money. CEO and CFO said in Q2 call they expected to be at 10% margins by end of year. Does not look like they will hit it. The DISH retran deal is costing EVC $340,000K per month net or about $1.12 million per quarter. This virtually drops 100% to bottom line. Dispute looks to be possibly permanent and could cost EVC almost 5 cents pre-tax per share annually.
    Now, on the positive side, they are currently trending 27%+ in Q4 on tv and retran, 25%+ in digital and 1%+ in radio. This all figures out to $85million+ in Q4 backing out $1.12 million from DISH issue. Analysts expect $82.44 million. Political will be over $12 million FY2018 with only about $3 million booked in first three quarters. That means about $9 million in Q4 mainly thanks to the Cruz-Beto advertising in Texas. Beto had over $70 million to spend. Analysts also don't like the fact that the worst management in this sector is looking to invest more in digital assets than tv assets.
    There was also an extra $6 million +/- itemized as pre-paid expenses in Q3 with no explanation. I suspect it was earnouts from their digital acquisitions. That alone would have made profit in Q3 6 cents higher pre-tax or 6 cents more free cash flow per share. Noble Financial also reiterated EVC as a strong buy the day after their report. I expect them to blow away their Q4 numbers. Happy with dividend till then. And yes, there has been a large seller or sellers. This has been almost a seasonal or cyclical deal for past decade. The CEO controls super voting stock of over 50% of shares and Univision owns 10% of outstanding shares in form of u shares and must approve any sales, divestitures or acquisitions of tv related properties. Large holders buy large position and then give up and dump. I have seen the largest #1 holder do this four times now in past decade.
    GLTA DaninFW
  • B
    Boo
    At these prices the company needs to step up and support its stock price. Maybe they know somebody is going to sell a lot and is waiting to start buying once the selling is done.
  • P
    Pops
    Sold. I did make money here but didn't expect to be selling at under $3. Hopefully the future will be better for investors. It is always risky buying an undervalued stock if they have poor management.
  • m
    meanrevers
    It is kind of funny......99% of posts on every Yahoo message board are total nonsense. I make a couple posts saying EVC is an interesting, moderately leveraged media company in an attractive segment that is trading up on huge volume and my posts keep getting removed my the Yahoo savants. Unbelievable.
  • w
    william
    seems to be no support as stock continues to drift down lower each day. management should buy back shares at this price level. you would think.
  • d
    daninfw04
    EVC will be presenting next Tuesday/Wednesday the 29th and 30th at the 15h Annual Noble Conference. It ran to $3.86 last Friday. I think we will be trading well over $4 next week. Noble has a $6 PT and buy rating on EVC. I am just looking for under $5 on this trade. But, I could hold till $5.50+ depending on their presentation.
  • d
    daninfw04
    Just proved they still have most incompetent CEO and CFO in the business. They only bought back 470,000 shares in Q3 and let the stock crash at an average of $2.84. Looks like they are buying today to support the price from crashing. The BOD's seriously need to claw back all options and bonuses from these clowns for past two years. With writing down almost everything they bought in past 2 years one has to wonder if CEO isn't suffering from dementia or alzeheimer's. Hopefully, his family might do an intervention and replace him. He obviously can't do anything right.
  • P
    Pops
    Buying some more this morning after earnings. Hoping for a good conference call. If nothing else they have an excellent dividend.
  • w
    william
    The following sums up with EVC got crushed after its Q3 2018 earnings release:
    Mario Carrera is exiting the CRO position, and he'll remain in place until a replacement is named. The company's begun a search for a new CRO. Carrera joined the company in 2003.

    Revenues fell 78% without the spectrum usage rights revenue as a result of an FCC auction. Revenue from advertising and retransmission consent ticked up 4% to $73.4M, while the spectrum usage rights revenue ($263.9M last year) shrank to just $1.18M.

    Free cash flow fell accordingly to $1.9M from $268.85M. EBITDA fell just 11% to $11.3M.

    I thought the stock would hold at $4/share but once it broke 4 it was in free fall. Looks like after heavy sell off the stock price has settled in the $3.30 range. I think the stock price will go up about 10% over the next couple of weeks as buyers jump in to grab the 5 cent dividend on or before 12/31/18 with a now attactive dividend yeild of 6.42% after the stock got crushed. Long term growth is another issue as this managment team seems to find ways to grow revenues. Company does sit on a pile of cash from its spectrum sale a year ago which alone exceeds the cap value of company. I am guessing 6 months to a year for the stock to recover back to $5/sh unless management lays another egg in Q4 2018.
  • P
    Pops
    Since I am looking to rebuy I guess I should be happy with this price drop but it is a worry. How bad can management be? Who is selling at these prices? Of course not too long ago people were selling at even lower prices. Even though I don't understand the drop I am still looking at this as a buying opportunity.
  • d
    daninfw04
    Stock has tanked since announcement of $1.5 billion lawsuit. But, it is all headlines. Global Music is suing for the max of $150,000 per violation of 10,000 songs they were alleged to play with consent. That is the max but if you study the law it only allows three things. 1) Any revenue EVC received as a result of playing the songs 2) any profits received from playing the songs and 3) any additional allowed by jury or judge which is why they want a trial by jury. Global Music is known to be a bully. However, if you break down the revenue for two years in question it totals just over $120 million for EVC radio sales. The radio segment has been losing money for years. Now let's consider less than 10% of the radio stations are involved in lawsuit.
    That's less than $12 million in revenues. Each station plays over 300 songs a day and Global is saying about three songs per station per day if you do the math. So, perhaps EVC gained 1% more revenue playing just those titles. That's about $120,000 revenue. They are losing money so zero for profits received. EVC may need to hire me instead of their current legal team. My math says Global is possibly entitled to about $120,000 plus whatever jury might award. This is a frivolous and nuisance lawsuit at best. For EVC to lose almost $50 million in market cap is nuts.
  • d
    daninfw04
    Schedule 13’s really interesting. Big sellers dumping but also big buyers accumulating. Several holders already went over 5% of class a shares. Several new holders with 2+ million shares. Earnings out in 3+ weeks with another presentation about a week later. They canceled the last presentation a few days before. Hmmmmm