Barron's Likes Cablevision (CVC) And Sees It As A Potential Takeover Target
Get Alerts CVC Hot Sheet
Join SI Premium – FREE
Barron's thinks there is a lot of value in Cablevision (NYSE: CVC) and spinning off Madison Square Garden and related assets could be the first step in investors realizing the value of CVC.
David Joyce, a media analyst with Miller Tabak, told Barron's by spinning off MSG, "It will make the company much more analyzable. Profits and revenues will be less volatile, and Wall Street and investors will find it easier to appreciate and value Cablevision. And that has got to be very good for the future of the stock."
Additionally, Barron's said a spinoff of MSG would make Cablevision attractive as a pure-play takeover, possibly either by Comcast (Nasdaq: CMCSA) or by Time Warner Cable (NYSE: TWX).
Miller Tabak's analyst thinks that Cablevision's intrinsic sum-of-the-parts value is close to $45 a share.
Barron's said Cablevision's shares could rise by almost 100% and the spinoff of MSG is the first step to the company realizing its true value.
David Joyce, a media analyst with Miller Tabak, told Barron's by spinning off MSG, "It will make the company much more analyzable. Profits and revenues will be less volatile, and Wall Street and investors will find it easier to appreciate and value Cablevision. And that has got to be very good for the future of the stock."
Additionally, Barron's said a spinoff of MSG would make Cablevision attractive as a pure-play takeover, possibly either by Comcast (Nasdaq: CMCSA) or by Time Warner Cable (NYSE: TWX).
Miller Tabak's analyst thinks that Cablevision's intrinsic sum-of-the-parts value is close to $45 a share.
Barron's said Cablevision's shares could rise by almost 100% and the spinoff of MSG is the first step to the company realizing its true value.
You May Also Be Interested In
- Nordstrom family weighing taking retailer private - WSJ
- Berry Global Group (BERY) and Glatfelter (GLT) Reach Regulatory Milestone in Proposed Transaction for Spin-Off and Merger of Berry’s Health
- Vista Outdoor (VSTO) CSG Sends Letter to Senator J.D. Vance Addressing His Concerns Regarding Planned Acquisition of Vista Outdoor’s Sporting Products Business (VSTO)
Create E-mail Alert Related Categories
Insiders' Blog, Mergers and Acquisitions, RumorsRelated Entities
Barron'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!