Every quarter, many money managers have to disclose what they've bought and sold, via "13F" filings. Their latest moves can shine a bright light on smart stock picks.
Today, let's look at Tiger Global Management. The company's reportable stock portfolio totaled $6.4 billion in value as of March 31, 2013 and contained just a few dozen stocks. Indeed, the top 10 holdings make up about 50%of the overall portfolio's value.
So what does Tiger Global's latest quarterly 13F filing tell us? Here are a few interesting details:
The biggest new holdings are Liberty Media�and Dollar General. Other new holdings of interest include Stratasys (NASDAQ: SSYS ) . 3-D printing specialist Stratasys has been surging in recent years, posting double-digit (and accelerating) revenue growth and topping analyst estimates. Bulls like strong sales growth for the composite material used in its printers, but bears worry that the stock has gotten ahead of itself and don't like a drop in free cash flow.
Best Media Stocks To Own Right Now: CBS Corporation(CBS)
CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. The company?s Entertainment segment distributes a schedule of news and public affairs broadcasts, sports, and entertainment programming; produces, acquires, and distributes programming, including series, specials, news, and public affairs; produces and distributes theatrical motion pictures across various genres; and operates online content networks for information and entertainment. Its Cable Networks segment owns and operates multiplexed channels that offers subscription program services, including recently released theatrical feature films, original series, documentaries, boxing, mixed martial arts and other sports-related programming, and special events; and CBS College Sports Network, a 24-hour cable program service related to college sports. This segment also owns and manages Smithsonian Networks, which operates Smithsonian Channel, a basic cab le service in the United States. The company?s Publishing segment publishes and distributes adult and children?s consumer books in printed, audio, and digital formats. Its Local Broadcasting segment owns 29 broadcast television stations; owns and operates 130 radio stations in 28 U.S. markets and related online properties; and owns local Websites that combine television and radio local media brands online to provide the latest news, traffic, weather, and sports information, as well as local discounts, directories, and reviews. The company?s Outdoor segment sells advertising space on various media, including billboards, transit shelters and other street furniture, buses, rail systems, mall kiosks, stadium signage, and in retail stores. CBS Corporation was founded in 1986 and is headquartered in New York, New York.Advisors' Opinion:
- [By Ben Levisohn]
Investors appear to agree. Shares of Disney have gained 2.1% to $68.54 at 2:02 p.m., joining a strong-performing group of stocks today. CBS Corp (CBS) has advanced 2.3% to$58.20, Twenty-First Century Fox (FOXA) has risen 2.9% to $33.75 and Comcast (CMCSA) is up 1.7% at $48.06.
Best Media Stocks To Own Right Now: DIRECTV(DTV)
DIRECTV provides digital television entertainment in the United States and Latin America. The company provides direct-to-home (DTH) digital television services, as well as multi-channel video programming distribution services in the United States. It offers various channels of digital-quality video entertainment and CD-quality audio programming directly to subscribers' homes or businesses, as well as video-on-demand services; and approximately 160 national high-definition television channels and 4 3D channels. The company also provides premium professional and collegiate sports programming, such as the NFL SUNDAY TICKET package, which allows subscribers to view the NFL games. In addition, it offers DTH digital television services in Latin America and the Caribbean, including Puerto Rico. The company provides its local and international programming under the DIRECTV and SKY brand names. As of December 31, 2010, it served approximately 19.2 million subscribers in the United States; and 8.9 million subscribers in Latin America. The company was founded in 1990 and is based in El Segundo, California.Advisors' Opinion:
- [By Dan Burrows]
Stocks to Sell: DirectTV (DTV)
DirectTV (DTV) rocketed to a record high of $89.46 because of media reports that telecom giant AT&T (T) wants to buy the satellite-TV company for perhaps $50 billion. Yes, that would represent a 16% premium to the current share price even after rallying on the deal news … but why get greedy?
- [By Michael Lewis]
At the same time, there is renewed interest in a possible merger between Dish and DIRECTV (NASDAQ: DTV ) . With Comcast and Time Warner Cable attempting to tie the knot, industry consolidation appears inevitable. If federal regulators accept one deal, they will have to deeply consider a corresponding merger between the two leading satellite providers.
Best Communications Equipment Companies For 2015: Cablevision Systems Corporation (CVC)
Cablevision Systems Corporation provides telecommunications and media services. It operates in two segments, Telecommunications Services and Other. The Telecommunications Services segment is involved in television business, including video, high-speed data, and VoIP operations, as well as the provision of commercial data and voice services. The Other segment offers Newsday, a daily newspaper; amNewYork, a free daily newspaper; and Star Community Publishing, a group of weekly shopper publications; and newsday.com and exploreLI.com. This segment also engages in motion picture theatre business, Clearview Cinemas; provision of the News 12 Networks, a regional news programming services; and the MSG Varsity network, a network covering high school sports and activities, and other local programs, as well as cable television advertising. Cablevision Systems Corporation was founded in 1985 and is headquartered in Bethpage, New York.Advisors' Opinion:
- [By Rich Duprey]
Both Bow Tie and Cablevision (NYSE: CVC ) , which owned the Clearview chain, announced yesterday they had completed the transfer of ownership of the theaters, which was first announced in April, though financial terms for the transaction were not disclosed. As the oldest cinema company in the U.S.,�Bow Tie says it now has the largest number of theater locations in the New York metropolitan area,�and operates 63 movie theaters with 388 screens in seven states.
- [By Anna Prior]
Cablevision Systems Corp.(CVC) said it swung to a profit in the first quarter, driven by higher rates and advertising sales that boosted its cable revenue.
- [By Tom Reese]
Regional cable TV and Internet provider Cablevision Systems Corporation (CVC) on Friday announced better-than-expected third quarter earnings results, reversing a year-ago loss.
Cablevision’s Q3 Earnings in Brief
- Net income totaled $294.6 million, or $1.10 per share, reversing last year’s loss of $3.79 million, or -1 penny per share.
- Revenue rose 1.8% from last year to $1.57 billion.
- Analysts expected much lower earnings of just 11 cents per share, on matching revenue.
Latest Dividend Reiterated; Yield Surpasses Peers
In its earnings release, Cablevision announced it would continue its dividend payout of 15 cents per share. The latest dividend will be paid on Dec. 13 with an ex-dividend date of Nov. 20. The company has not raised its dividend payout since May of 2011.
Despite the lack of dividend raise, CVC’s dividend yield of 3.84% compares favorably with other stocks in its industry. Time Warner Cable (TWC) offers a yield of 2.2%, while Comcast Corporation (CMCSA) yields just 1.65%. The average dividend yield for S&P 500 companies is around 2.5%, so Cablevision’s yield is well above both its industry average as well as the wider market average. Still, its lofty yield has come more as a result of poor price performance, rather than dividend increases.
Shares Rise, but Still Tail Indexes
Cablevision shares rose more than 2% in early trading on Friday, but the company’s stock performance has lagged the wider markets for quite some time. Year-to-date, CVC has gained about 6%, compared with a 24% gain in the benchmark S&P 500 index. The stock was trading around the $38 level as recently as early 2011, so its dividend yield has risen significantly as its stock price plunged to around $16.
- [By Tim Beyers]
Who loses in all this? Pure-play content distributors such as Cablevision Systems (NYSE: CVC ) and DISH Network (NASDAQ: DISH ) . Like partner Netflix, Apple is taking steps to eliminate the barriers between viewers and content created by these gatekeepers. Color me grateful -- both as an investor and as a fan of great television.
Best Media Stocks To Own Right Now: DISH Network Corporation(DISH)
DISH Network Corporation, through its subsidiaries, provides direct broadcast satellite (DBS) subscription television services in the United States. It offers programming that includes approximately 280 basic video channels, 60 Sirius satellite radio music channels, 30 premium movie channels, 35 regional and specialty sports channels, 2,800 local channels, 250 Latino and international channels, and 55 channels of pay-per-view content. The company also offers local HD channels in approximately 160 markets and 215 national HD channels; and receiver systems, including a small satellite dish, digital set-top receivers, and remote controls. In addition, it provides DISHOnline.com, which enables DISH Network subscribers to watch 150,000 movies, television shows, clips, and trailers; DISH Remote Access that enables subscribers to remotely manage their DVRs using compatible mobile devices, such as smartphones, tablets, and laptops through their broadband-connected receiver; and Go ogle TV that enables DISH Network subscribers to search the Internet, check email, interact with social media, and find additional online programming content while simultaneously watching television. As of March 31, 2011, the company had approximately 14.191 million customers. DISH Network provides receiver systems and programming through direct sales channels; and independent third parties, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, nationwide retailers, and telecommunications companies. The company was founded in 1980 and is headquartered in Englewood, Colorado.Advisors' Opinion:
- [By Evan Niu, CFA]
Of course, Sprint Nextel (NYSE: S ) still owns the bulk of Clearwire. The proposed $20.1 billion deal with Japan's Softbank for a 70% stake is still on the table. DISH Network (NASDAQ: DISH ) made an unsolicited $25.5 billion offer for Sprint just today, while DISH has been slowing building up its own spectrum holdings in preparation for entering the wireless sector. DISH outlined numerous ways that it believes its offer is superior to Softbank's.
- [By Dan Radovsky]
SoftBank recently laid out point-by-point why it thought its bid for Sprint Nextel (NYSE: S ) was superior to the bid from DISH Network (NASDAQ: DISH ) . For value, timing, leverage, structure, financing, and mobile expertise, according to SoftBank, it held the advantage.
- [By Matt Thalman]
The first few of the companies are the major cable providers, such as Comcast (NASDAQ: CMCSA ) , Dish Network (NASDAQ: DISH ) , and�DirecTV (NASDAQ: DTV ) . For every new home built, one of the cable companies is going to receive a new customer. In Comcast's situation, the lines must be laid, but Dish and DirecTV only need to install a satellite in your yard. General Electric (NYSE: GE ) is another company that derives a decent portion of its revenue from appliances and lighting, and this unit should see increased revenues as new homes are built.
- [By Louis Navellier]
DIRECTV Holdings LLC is the largest direct-broadcast satellite service in the United States, ahead of No. 2 DISH Network (DISH). DIRECTV continues to upgrade its services and add new customers even as its rivals in the cable TV business lose subscribers. With 27,200 employees, the company currently serves more than 37 million customers across the U.S. and Latin America.
Best Media Stocks To Own Right Now: Liberty Global Inc.(LBTYA)
Liberty Global, Inc. provides video, broadband Internet, and telephony services primarily in Europe and Chile. The company offers broadband services over cable distribution systems, including video, broadband Internet, and telephony; and video services through direct-to-home satellite, or through multichannel multipoint distribution systems. Its analog video services comprise basic and expanded basic programming; and digital cable services include basic and premium programming, digital video recorders, and high definition programming, as well as pay-per-view programming, such as video-on-demand and near video-on-demand. In addition, the company offers voice-over-Internet-protocol and circuit-switched telephony services, as well as mobile telephony services using third-party networks. Further, it owns programming networks that provide video programming channels to multi-channel distribution systems owned by the company and the third parties. As of December 31, 2011, the com pany owned and operated networks that passed 33,262,100 homes; and served 18,405,500 video subscribers, 8,159,300 broadband Internet subscribers, and 6,225,300 telephony subscribers. Liberty Global, Inc. was founded in 2004 and is based in Englewood, Colorado.Advisors' Opinion:
- [By WWW.MARKETWATCH.COM]
SAN FRANCISCO (MarketWatch) -- Philippe Laffont of Coatue Management gave Liberty Global's (LBTYA) stock a big boost on Monday after he noted how the company will benefit from increasing demand for broadband, in part due to Netflix's expansion. He also speculated the possiblity of a high-profile takeover from major mobile operators such as Vodafone (VOD) . Liberty Global is a cable holding company owned by John Malone. Shares of Liberty Global were up 2.2% and shares of Vodafone gained 0.6% following Laffont's presentation at the Ira Sohn conference .
- [By Monica Gerson]
Breaking newsLoews (NYSE: L) reported a 59% rise in its third-quarter earnings. Loews posted a quarterly profit of $282 million, or $0.73 per share, versus a year-ago profit of $177 million, or $0.45 per share. To read the full news, click here. BankUnited (NYSE: BKU) announced today the commencement of an underwritten offering of 9,000,000 shares of its common stock by certain of its existing stockholders, subject to market and other conditions. To read the full news, click here. Liberty Global (NASDAQ: LBTYA) announced today an agreement to sell substantially all of its international content division Chellomedia to AMC Networks (NASDAQ: AMCX).To read the full news, click here. Myriad Genetics (NASDAQ: MYGN) today announced that validation data for the Myriad myPlan Lung Cancer test showed that it significantly predicted patients' risk of death from early-stage lung adenocarcinoma within five years of being diagnosed. To read the full news, click here.
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Best Media Stocks To Own Right Now: Charter Communications Inc.(CHTR)
Charter Communications, Inc., through its subsidiaries, provides entertainment, information, and communications solutions to residential and commercial customers in the United States. The company offers cable video programming services, such as basic and digital video, premium channels, OnDemand, pay-per-view, high definition television, digital video recorder, and online video services; Internet services; Charter.net, which provides multiple e-mail addresses, as well as various entertainment, games, news, and sports content; and telephone services. It also provides broadband communications solutions, such as Internet access, data networking, fiber connectivity to cellular towers and office buildings, video entertainment services, and business telephone services under the Charter Business brand name to business and carrier organizations. As of December 31, 2011, the company served approximately 4.1 million video customers; approximately 3.5 million Internet customers; appr oximately 1.7 million telephone customers; and approximately 476,200 commercial primary service units. Charter Communications, Inc. was founded in 1999 and is based in St. Louis, Missouri.Advisors' Opinion:
- [By Paul Ausick]
Seeing how its initial bid of $132.50 per share ($37.3 billion) for Time Warner Cable Inc. (NYSE: TWC) produced an immediate rejection, cable operator Charter Communications Inc. (NASDAQ: CHTR) is reported to be considering sweetening its offer to somewhere in the low $140s.
- [By Sean Williams]
Finally, cable operator Time Warner Cable (NYSE: TWC ) trudged higher by another 2.7% as ongoing rumors continue to swirl about a potential buyout offer from Charter Communications (NASDAQ: CHTR ) . These rumors became even more intriguing when Charter announced yesterday that it had amended credit agreements on $4.8 billion worth of its debt, presumably to give it more room should it decide to make an acquisition. The broadcasting space is certainly ripe for acquisition, but I also wouldn't suggest foolishly chasing names in this space higher on rumors.�
- [By Jayson Derrick]
Analysts at Barclays maintained an Equal-weight rating on Charter Communications (NASDAQ: CHTR) with a price target lowered to $127 from a previous $133. Separately, analysts at Northland Securities upgraded shares to Outperform from Market Perform with a $146 price target. Shares gained 0.16 percent, closing at $126.84.
- [By Pato Kehoe] o help strengthen the firm�� multi-channel subscription model by increasing the platforms for content delivery. Additionally, this strategy will balance future revenue losses in the DVD segment, as a consequence of the cheaper viewing alternatives.
Theme Parks and Overseas Expansion
Walt Disney Co. undoubtedly has a talent for monetizing its characters and franchises across multiple platforms, but its theme parks are the crown jewel. These are an especially attractive and unique segment in the company�� assets, mainly because they are almost impossible to replicate. The Parks and Resorts division accounts for 25% of operating profits and after the 2009 crisis, revenues have been recovering at a fast pace. During the last quarter of 2013, revenue in this segment experienced an 8.5% increase, while operating income marked a 15% rise. In fact, the company is focused on further deploying its capital towards the expansion of the Parks and Resorts business, thereby creating new growth opportunities.
Looking forward, Walt Disney Co. is aiming to expand its operations overseas, in the emerging nations China, Russia and India. The Shanghai Disney Resort, for example, will contain a Shanghai Disneyland, two themed hotels and a retail, dining and entertainment venue, and is set to be China�� largest theme park by 2015. Despite possible unfavourable foreign currency translations, this firm should be able to sustain its growth given its multiple revenue sources. Furthermore, the entertainment giant has been highly successful at managing its cash flow, returning large sums of its free cash to shareholders via dividends and share repurchases. The 71.3 million repurchased shares in fiscal 2013, worth close to $4.1 billion, are expected to increase in 2014 and will range between $6 and $8 billion in returns.
Despite the risks of the economy deteriorating and primetime ratings fall, which could affect advertising dollars and revenue generating capabi