CBS Holds Hidden Value
at 2006-09-01 22:48:32
Eli Hoffmann submits: Excerpt from our One Page Barron's Summary (receive it weekly by email by signing up here):
THE TRADER: CBS Holds Hidden Value by Michael Santoli
Highlighted companies: CBS Corp. (CBS), Viacom Inc. (VIA)
Summary: Since early April, CBS (CBS) share prices are up 14% - a market cap. increase of $2.8 billion
Imax: How to Ruin a Great Company
at 2006-09-01 22:48:32
 The Stock Masters submit: If you haven't seen a movie on an Imax (IMAX) screen, you haven't experienced the way a movie should be shown. Today you pay $10 just to watch a movie at the theater, if you don't sneak in candy or refreshments add another $15, (but you know you're going to pony up $8 for popcorn) and then get to watch your movie on a tiny screen in a theatre that's no bigger than your 5th grade classroom. To get the best bang for your buck, see it on Imax. I saw Batman Begins last year on Imax and was not disappointed. Perfect picture, unbelievable sound system, and on a screen that was big
CBS's CEO Proves "Les is More"
at 2006-09-01 22:48:32
John Bethel submits: By "Les" I mean CBS President and CEO Les Moonves. And by "more" I mean creating more shareholder value in CBS (CBS).
Nothing goes straight up, but we can expect seeing more and more mentions of the company like this one from Barron's as time goes on:
Away from the celebrity headlines, the more solid reason to give CBS shares a look is that it represents one of the most undervalued cash-flow streams from radio, TV stations and billboard advertising available. And, even better, management is doing what it can to realize some of that value and share it with stockholders.
Aside from the CBS network and production assets, the company owns 179 radio stations, 39 TV s
E.W. Scripps Company: An Unconventional Bursting Housing Bubble Play
at 2006-09-01 22:48:32
 Paul Kedrosky submits: Most people investing around the popping housing bubble have been doing it directly, via the homebuilders themselves. Some investors are beginning to play with the CME real estate futures (plugged in today's WSJ (sub. req.) by Bob Shiller), but there are other options.
One possibility is via the housing bubble media. An entire home improvement media has appeared around the housing bubble, with such programs playing seemingly non-stop, both on regularly network te
TiVo's Ballooning Subscriber Acquisition Costs
at 2006-09-01 22:48:32
 Evelyn Rubin submits: In TiVo's (TIVO) quarterly conference call, Acting CFO Stuart West explained why subscriber acquisition costs at the company were up this quarter:
Our acquisition spending per gross add, or SAC, was $320 in the second quarter, compared to $216 last year... This increase in year-over-year quarterly SAC can be attributed to three factors. First, as we have previously discussed, our new bundled pricing plan drives a higher per sub acquisition cost while delivering higher ARPU and subscriber net present values. Second, the expansion
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