+ Watch AMCX
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Price Target $80.40 by January 2015.
AMC Networks is fully capitalizing on the success of its three main drama series by creating inventive spin-offs and supplementary follow-up talk shows. Additionally, the company is expanding the genres of its networks and strengthening its weaker channel brands.
A PEG ratio of 1 for one of the most desirable content providers of entertainment today. It helps that I watch several of the shows so I know the business I am investing in as Warren B. would say.
Big fan of content and media over the next several years as AMC and Scripps and Discovery find new ways to entertain us. Thumbs up.
Good shows, bad company.
It's run by a self-serving family that stuffs the board with relatives (all collecting paychecks for their directorship) and has an iron grip on 75% of the voting power. And the whole company seems to have been spun off only to unload a pile of debt from parent Cablevision onto the new company. AMC freely admits that it can't possibly repay that debt, which is practically a big, blinking sign to shareholders: WE WILL DILUTE YOU. Plus, its efforts to create new hit shows like Mad Men and The Walking Dead have thus far not borne fruit, and it's nickel-and-diming the hit shows it does have. Bad, bad moves from a bad, bad company.
Guessing with no basis on their finances, they make excellent and aggressive choices in programming, own SundanceNOW, have a good CEO and good management of employees. They have AMC, IFP, and Sundance channels and all affiliated stuff. So . . . they might not outperform the market, but I think they'll be stable and do well. Also, The Walking Dead is crazily high rated, and Breaking Bad and MadMen are critical darlings. But basically this is an emotional pick. I just like them. I don't know their numbers.
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