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$58.40 -$0.02 (0.0%)

04:00 PM EDT on 10/22/21

Meredith Corp (NYSE:MDP)

CAPS Rating: 1 out of 5

A media and marketing company that is engaged in magazine and book publishing, television broadcasting, integrated marketing, and interactive media.

Current Price $58.40 Mkt Cap $2.6B
Open $58.37 P/E Ratio 9.26
Prev. Close $58.40 Div. (Yield) $0.00 (0.0%)
Daily Range $58.28 - $58.47 Volume 631,389
52-Wk Range $10.75 - $58.83 Avg. Daily Vol. 930,474

Caps

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All Players

131 Outperform
32 Underperform
 

All-Star Players

43 Outperform
7 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NYSE:MDP Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

JTHokie (< 20)
Submitted June 27, 2008

cheap

Jusie (98.35)
Submitted July 27, 2009

Primary business continues to be magazine publishing and subscriptions. Although Meredith has one of the largest consumer databases in the world, especially for Amerincan women, it will probably go the way of the newspapers.

Recent Community Commentary

Read the most recent pitches from players about MDP.

Recs

0
Member Avatar sirchals (62.41) Submitted: 4/13/2020 10:16:34 AM : Outperform Start Price: $15.69 NYSE:MDP Score: +206.39

PE of 2 from a massive sell off whne fundamentals dont justify that.

Recs

0
Member Avatar RoyChesnut (< 20) Submitted: 12/31/2019 7:47:50 PM : Outperform Start Price: $32.28 NYSE:MDP Score: +40.70

it seems like their problems are due to a recent acquisition that increased revenue from 2b to 3b, but they have failed to reduce costs. This led to several bad quarters. I believe they will reduce costs and become profitable over the next 24 months

Recs

0
Member Avatar Cmoor (< 20) Submitted: 4/11/2018 12:21:12 PM : Outperform Start Price: $49.07 NYSE:MDP Score: -51.84

Meredith recently acquired Time, Inc's print magazines--Time, People, Fortune, Sports Illustrated, Money. They did not over leverage to do it. MDP's two main business lines are print media and TV stations. Their TV stations are primarily in top 50 markets, very profitable, and stable. Their secret sauce in print media is recognizing which genres of print media will continue to draw customers, and which will continue to lose viability to online competitors.

Meredith correctly assesses that those print media which focus on news and current events or timely subjects continue to lose out to the advantages of online delivery. On the other hand, Meredith's offerings focus on home, family, hobbies and matters that are more timeless. A 10 year old edition of Better Homes and Gardens might well still have interesting articles to one its current readers. That is MDP's secret sauce. Thus, MDP's plan is to sell all of the acquired magazines except for People. The others continue to lose readership as their subject matter is more rapidly reported by digital competitors.

Another key value from the acquisition of the Time assets is Meredith's ability to squeeze $400-500 million from operating expenses through consolidation of functions in the two print media groups.

With a 4% dividend and a 9 PE, what's not to like about this well managed, Midwest values company that knows what its future is?

Leaderboard

Find the members with the highest scoring picks in MDP.

Score Leader

PAGEBOY73

PAGEBOY73 (98.86) Score: +234.95

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

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
cvdynasty0 99.77 4/13/2020 Outperform 5Y $15.01 +288.74% +65.22% +223.52 0 Comment
redfox18 99.71 4/13/2020 Outperform 5Y $15.18 +284.51% +65.49% +219.03 0 Comment
sirchals 62.41 4/13/2020 Outperform 1Y $15.69 +271.89% +65.50% +206.39 1 Comment
MylesPatrick 78.78 11/18/2020 Outperform 1Y $17.71 +229.47% +25.56% +203.92 0 Comment
scottidog 79.55 5/22/2009 Underperform 3Y $17.34 +236.59% +410.47% +173.87 0 Comment
morgsie 20.93 10/11/2006 Underperform 3W $31.17 +87.20% +256.71% +169.51 0 Comment
mamicro < 20 11/8/2007 Underperform 1Y $36.78 +58.65% +223.55% +164.90 0 Comment
Jusie 98.35 7/27/2009 Underperform 3Y $18.91 +208.50% +365.19% +156.70 1 Comment
FiascoJones < 20 10/26/2007 Underperform 1Y $37.97 +53.66% +210.18% +156.52 1 Comment
TrackCarter 22.56 9/21/2009 Underperform 3M $20.85 +179.81% +327.95% +148.14 0 Comment

Wall Street

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