Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spekulatius who wrote (21695)	8/5/2005 10:30:31 PM
From: Spekulatius	Read Replies (1) of 78669

re ,OFG,C,VIA - earnings review C: earnings look clean - the earnings shortfall is mostly due to "Corporate and Investment banking" shortfall. Consumer banking, Cards and Consumer finance have done OK. Nothing in the balance sheet that raises my concerns. I may add a last quart to my position on weakness. OFG: Earnings were subpar and the way they were accomplished indicates low quality. Balance sheet was expanded (buying securities) to increase interest income but with the current narrow margins in the carry trade that does not yield much. Still OFG leverage is fairly moderate (9% equity). It's obvious that OFG needs to control cost better. No serious red flags and writeoffs. I'll hold. VIA. Earnings beat estimates. Revenue increase larger than expected but margins are narrower. The buyback has helped to increase earnings/share. FCF down some also YOY, but still good. Cable networks are now 40% of revenues and the much talked about problem division Radio (which had higher earnings YOY this quarter) is now less than 10%. I think the stock buybacks and the split will create shareholder value. The stock is quite cheap for a high quality entertainment company. I'll hold my full position.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next