Out Fox The $treet

  Disney's stock is expected to rally in the short term due to the Penn Gaming deal and bouncing off the $85 support level. Disney's streaming business is struggling, with declining subscribers for the key ESPN+ service. The stock trades at 17x aggressive FY24 EPS targets, providing limited upside on any rally. After a horrible year,  Walt Disney Company  ( NYSE: DIS ) appears poised for a quick rally over the short term. The company has not resolved the problem in the streaming market with weak subscriber numbers and the  Penn  Gaming  ( PENN ) deal amounts to a very small deal to enter the gaming sector. My  investment thesis  is now bullish on Disney for a quick trade before the really tough market of the last couple of years has led to a double bottom for the stock around $85. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Update - July 10, 2023 The big iHeartMedia rebound continues with another 8% gain today. The stock appears set for a gap close to $7.  Original article posted on June 2  iHeartMedia, Inc. reported a weak Q1 2023, but the key adjusted EBITDA number beat guidance. The media company grew crucial podcast revenue at a 12% clip despite the tough ad market. iHeartMedia stock is priced for an economic collapse, while the company has been busy buying their debt at a discount. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   The advertising market has been tough in the last year, but the bullish  investment thesis  in  iHeartMedia, Inc.  ( NASDAQ: IHRT ) remains intact. In fact, the stock has fallen all the way to $2.50 despite the company  still being on pace to throw off substantial cash flow in the years ahead to repay their large debt load. The stock shouldn't be trading at th...

AT&T took a nearly 10% hit from the recent highs due to negative analyst calls. The stock will benefit from up to $45 billion in share buybacks and debt repayments from 2020 to 2022. My $42.50 price target values the stock at a 2022 EV/EBITDA multiple of only 6.9x. A few negative analyst calls has  AT&T  ( T ) suddenly down $3 from the recent yearly highs near $40. While  my views  on the financial projections of the company are similar to those of these analysts questioning revenue growth potential in entertainment and the new SVOD service, my view on the stock valuation is where the disagreement exists. The stock is cheap on this dip and my price target is still firmly up at $42.50. Read the full article on Seeking Alpha.  Disclosure: Long T. Please review the disclaimer page for more details. 

Back when it released its  Q2 2013 earnings report , Viacom ( NASDAQ: VIAB     ) announced that it would double its stock buyback plan to $20 billion from the previous $10 billion. Most investors have a negative view of stock buybacks, but research shows that significant buybacks that reduce share counts tend to outperform the market. The diversified media entertainment sector appears overly competitive, but the sector in general has outperformed the S&P 500 over the last couple of years. One thing that the general group has shared as a whole is the desire to buy shares back over time. Some of the companies like Walt Disney ( NYSE: DIS     ) and Time Warner ( NYSE: TWX     ) weren't as aggressive in the last year, but the buybacks have continued to set the group apart. Read the full article here . Disclosure: Long TWX. Please review the disclaimer page for more details. 

Just realized that CIO, Mark Holder, was quoted in a Fox Business article on common mistakes of first-time investors. See below: A common mistake among first-time investors is that they lack a solid plan that will carry them through good and bad times, says Mark Holder, chief investment officer at Oklahoma-based portfolio management firm Stone Fox Capital Advisors. "Following the herd tends to get [first-time investors] into the hot stock or mutual fund at the top," says Holder. "They'll end up panicking out of a stock during weakness because they don't understand the investment thesis." Read more: http://www.foxbusiness.com/investing/2012/05/07/three-common-mistakes-first-time-investors/#ixzz1yvsqUnyy