Time Inc. (NYSE:TIME)

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All Players

12 Outperform
3 Underperform
 

All-Star Players

1 Outperform
1 Underperform
 

Wall Street

1 Outperform
0 Underperform
 

Top TIME Bull/Bear Pitches

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TIME VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from players about TIME.

Recs

0
Member Avatar dollarvaluemenu (39.69) Submitted: 9/2/2015 12:05:20 AM : Outperform Start Price: $18.43 TIME Score: -66.18

value

Recs

0
Member Avatar lehightonjohn (< 20) Submitted: 9/15/2014 7:51:28 PM : Underperform Start Price: $21.19 TIME Score: +72.12

TIME isn't work $12 a share, much less the $23-24 it has been trading at recently. In it's first quarterly earnings report since becoming an independent company, it reported GAAP earnings of minus 67 cents per share. Non-GAAP earnings were reported as plus 30 cents per share, but one of the major "items" excluded from the non-GAAP figure was the fallout from the demise of one of the three major wholesalers who put TIME's magazines on store shelves. This was the second of the former "big four" wholesalers to disappear in the past five years due to declining retail sales of magazines. This is not some random event of which TIME was an innocent victim, but rather a direct result of the lack of consumer demand for the products of TIME and other publishers.

The two most profitable pieces of any magazine's business have always been advertising sales and newsstand sales, and both have seen substantial declines across the industry in every year since the financial crisis. There is absolutely no possibility of growth in the core business here, which is why TWX cut this division out of the company after failed attempts to sell it. That they managed to force TIME to borrow over a billion dollars to pay TWX shareholders a "special dividend" on the way out only makes the situation more dismal. The company's own CEO Joe Ripp was quoted by recode last week as saying that the company "needs to be saved." Not exactly the usual CEO bluster.

The only hope here would be to leverage the admittedly iconic brands (Time, People, Sports Illustrated, etc.) into new forms of media that can somehow grow the dollars they can command from readers and advertisers. One struggles to imagine how they do this as an independent, debt-laden company run by a bean-counter whose core competence is apparently cost-cutting, when they couldn't do it as the corporate sibling of movie studios, cable networks and music labels.

Even based on non-GAAP quarterly earnings of 30 cents, the stock is trading at a P/(E) multiple of around 19.5 while AAPL, which is currently taking record pre-orders for its iPhone 6 product line, trades at 16.4 times. Insanity.

Leaderboard

Find the members with the highest scoring picks in TIME.

Score Leader

lehightonjohn

lehightonjohn (< 20) Score: +72.12

The Score Leader is the player with the highest score across all their picks in TIME.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
lehightonjohn < 20 9/16/2014 Underperform 1Y $21.19 -42.67% +29.45% +72.12 2 Comments
jmdor2222 83.66 11/28/2016 Underperform 5Y $15.74 -22.78% +16.30% +39.09 0 Comment
steelbreeze1753 68.03 10/18/2017 Underperform 5Y $12.30 -1.22% +0.59% +1.81 0 Comment
Mcwop 64.87 11/18/2016 Outperform 5Y $13.26 -8.38% +17.43% -25.81 0 Comment
Clock 47.78 4/1/2015 Outperform 3W $20.26 -40.04% +24.57% -64.62 0 Comment
creek138 28.72 2/27/2015 Outperform 3Y $21.83 -44.35% +21.70% -66.05 0 Comment
dollarvaluemenu 39.69 9/2/2015 Outperform 5Y $18.43 -34.07% +32.11% -66.18 1 Comment
msmith1862 < 20 6/13/2014 Outperform 3Y $19.68 -38.25% +32.60% -70.85 0 Comment
hornuser 37.23 9/15/2014 Outperform 5Y $21.26 -42.84% +29.10% -71.93 0 Comment
Darrinmaysvile 21.85 6/18/2014 Outperform 5Y $20.34 -40.26% +31.97% -72.22 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackFBRCapitalM 90.18 11/5/2014 Outperform NS $19.43 -37.46% +26.94% -64.40 0 Comment

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