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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Harshu Vyas who wrote (74148)	11/3/2023 11:06:38 AM
From: Sean Collett	1 Recommendation Recommended By Sisyphus Respond to of 78830

I do not care what Mr. Market thinks at the moment. I have not cared up to this point - the financials are where my eyes are. Eventually Mr. Market will wake up. $1,029 in working capital and $660M in net working capital with a market cap of $325M. According to their call this AM they will be tackling the 2024/2025 notes which will further drive debt down. While customer declines at QVC are still there, they do look to be stabilizing. No anticipated margin hits going into Q4 even with holiday promotions. Their investor call is next week so I will see what they have to say about their leverage outlook and will share what I hear. For now I continue to see enough to know that at $0.60/s this is undervalued. -Sean