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Microcap & Penny Stocks : Qurate Retail
QVCGA 11.84+5.4%Oct 30 3:59 PM EDT
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From: Sean Collett4/5/2024 11:34:34 PM
1 Recommendation

Recommended By
sixty2nds

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Article from Forbes on Qurates turnaround. CEO David Rawlinson II commented how he doesn't mind people who use the term 'TV Shopping', but the reality is Qurate is pivoting into vCommerce which expands well past linear cable. They're seeing growth in non-linear areas like Apple TV, Roku, YouTube, and others, but it's still only making up 5% of their total minutes viewed - there is a lot of room to grow here.

Overall article really breaks the business down and what the company has done to execute.

Why Qurate’s QVC And HSN Believe The Future Of TV Shopping Is On Streaming

Still see the value of the stock in the $5/s range until we really start to see revenue grow again. If revenue does begin to grow we could really see a multibagger.

-Sean
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