Rapidly Growing Media Company With Deep Value Multiple
I wanted to shoot out a research note on a company that I have been acquiring shares in over the past few months. I have yet to see quality due diligence on this name despite two segments that are rapidly growing on an organic basis and contributing meaningfully to free cash flow. Wall Street is asleep at the wheel and completely misunderstands the investment thesis. The stock should at least double from here baring a complete collapse in the global economy. There is a strong margin of safety of owned assets and a rapidly growing SaaS business that should be valued at 15x multiple instead of the 6.0x multiple the company is currently getting.
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