New Frontier Media, Inc. (NOOF)

simon78 (48.55) Submitted: 4/18/08 12:32 AM : Start Price: $5.27 NOOF Score: -31.60

Cheap on a FCF basis (perhaps 12x what they may get in FCF this year), impact of contract renegotiation rolls over from the comparisons next quarter, so things may improve from a growth perspective. I would expect a dividend cut based on the cashflow situation though, so that's a clear negative. A weak outperform, but I don't think porn is going to migrate online as fast as others suggest, and they seem to have been successful at taking share from Playboy, the market leader.

Not a great stock, but a very cheap one that should resume its growth footing.

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