{"id":107024,"date":"2017-06-07T10:41:07","date_gmt":"2017-06-07T14:41:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=107024"},"modified":"2017-06-07T07:41:42","modified_gmt":"2017-06-07T11:41:42","slug":"cord-cutters-stunned-by-tv-companys-comeback","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/06\/cord-cutters-stunned-by-tv-companys-comeback\/","title":{"rendered":"Cord Cutters Stunned by TV Company\u2019s Comeback"},"content":{"rendered":"<div id=\"inves-888778856\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 7, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/WallStreetDaily.com\/\"><u>WallStreetDaily.com<\/u><\/a> <img loading=\"lazy\" decoding=\"async\" class=\"attachment-home-th size-home-th wp-post-image\" style=\"display: block; margin-bottom: 5px; clear: both;\" src=\"https:\/\/s3.amazonaws.com\/wallstreetdailywebsite\/wp-content\/uploads\/2017\/06\/suddenresurectionFT.png\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" srcset=\"https:\/\/s3.amazonaws.com\/wallstreetdailywebsite\/wp-content\/uploads\/2017\/06\/suddenresurectionFT.png 580w, https:\/\/s3.amazonaws.com\/wallstreetdailywebsite\/wp-content\/uploads\/2017\/06\/suddenresurectionFT-300x155.png 300w\" alt=\"Sudden Resurrection\" width=\"580\" height=\"300\" \/><\/p>\n<ul>\n<li>Cable\u2019s once rapt audience has been cutting the cord in droves.<\/li>\n<li>But one left-for-dead company is making a shocking recovery.<\/li>\n<li>Shares won\u2019t stay this cheap for long.<\/li>\n<li><span style=\"color: red;\"><b>Also recommended:<\/b><\/span> <a href=\"https:\/\/pro.agorafinancial.com\/m\/689498?email={emailaddress}\" target=\"_blank\" rel=\"noopener noreferrer\"><b>High-tech ammo cause for alarm?<\/b><\/a><\/li>\n<\/ul>\n<p><img decoding=\"async\" style=\"float: left; max-width: 85px;\" src=\"https:\/\/duip7hn7nchpo.cloudfront.net\/editor-circle-louis-basenese.jpg\" alt=\"Louis Basenese\" \/>Dear <em>Wall Street Daily<\/em> Reader,<\/p>\n<p>Thirty years ago, cable television was one of the most powerful forces in the world.<\/p>\n<p>Through its walled garden, a person could get their news, movies and sports \u2013 all without leaving the comfort of their home.<\/p>\n<p>Advertisers shelled out the biggest premiums to have their ads beamed directly to these rapt audiences.<\/p>\n<p>Fast-forward to today \u2013 after 20 years of high-speed internet and 10 years of smartphone expansion \u2013 the game has changed completely.<\/p><div id=\"inves-417879115\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Cable customers are cutting the cord in droves and advertisers\u2019 fat ad dollars have shifted dramatically in favor of mobile devices.<\/p>\n<p>But as senior analyst Jonathan Rodriguez notes below, one left-for-dead cable services firm has made a shocking reversal. And it stands to make investors a killing.<\/p>\n<p>Ahead of the tape,<\/p>\n<p>Louis Basenese<br \/>\nChief Investment Strategist, <em>Wall Street Daily<\/em><\/p>\n<hr \/>\n<h2 class=\"centered headline\" style=\"text-align: center;\">How to Rise From the Dead<\/h2>\n<p><img decoding=\"async\" style=\"float: left; max-width: 85px;\" src=\"https:\/\/duip7hn7nchpo.cloudfront.net\/editor-circle-jonathan-rodriguez.jpg\" alt=\"Jonathan Rodriguez\" \/>Pause, rewind, fast-forward.<\/p>\n<p>It\u2019s been nearly two decades since cable watchers were given the power to perform these actions on a live TV program.<\/p>\n<p>Sure, the VCR allowed viewers to tape their favorite shows or sporting events.<\/p>\n<p>But you could only zip through this content <i>after <\/i>it was recorded \u2013 and audio\/visual quality wasn\u2019t nearly as good as it was on TV.<\/p>\n<p>That all changed in the late 1990s, when TiVo Corp.\u2019s first digital recording device hit the market.<\/p>\n<p>For the first time ever, users could record their cable or high-quality satellite feeds and hit the pause button.<\/p>\n<p>And while the recorded content was compressed from its original state, it was practically indistinguishable.<\/p>\n<p>I was teenager then, but I\u2019ll never forget how profound the invention was \u2013 or still is.<\/p>\n<p>Unfortunately, the idea of TV watchers fast-forwarding through carefully curated ads didn\u2019t sit well with marketers.<\/p>\n<p>TiVo waged a decade-long war with advertisers \u2013 and cable providers, too, which came to market with competing recording devices in the 2000s.<\/p>\n<p>To be sure, the company still faces the same pressures today.<\/p>\n<p>But after years of unprofitability, the company finally saw positive earnings growth in 2011.<\/p>\n<p>And several major developments have put profits on the horizon for TiVo and its shareholders\u2026<\/p>\n<p class=\"subhead\">If You Can\u2019t Beat \u2019Em, Sell Out<\/p>\n<p>After proving themselves profitable, TiVo was acquired by rival tech firm Rovi Corp. for $1.1 billion last year.<\/p>\n<p>In September 2016, Rovi assumed TiVo\u2019s name and began trading under the ticker TIVO.<\/p>\n<p>It\u2019s a little confusing, I know. But TiVo now represents the combined companies Rovi and the former TiVo.<\/p>\n<p>Rovi not only acquired TiVo\u2019s existing customer base but also its portfolio of more than 280 patents. The combined company now holds more than 6,000 issued and pending tech patents.<\/p>\n<p>In addition to subscription revenue, TiVo also licenses its patents out to firms building their own DVR tech.<\/p>\n<p>Recently, subscription revenue has declined in tandem with a drop in cable viewership. But TiVo still commands a base of more than 20 million subscribers.<\/p>\n<p>And the company has made up for the shortfalls through licensing \u2013 which now makes up 54% of total revenue.<\/p>\n<p>In fact, TiVo just signed a multiyear licensing deal with Roku \u2013 the company that developed the wildly popular streaming TV device for cord cutters.<\/p>\n<p>TiVo trades at just 10 times forward earnings \u2013 well below the industry average (25) and the S&amp;P 500 (20). Earnings are also projected to rise 48% next year.<\/p>\n<p>It also trades at 2.6 times trailing sales, compared with 5.7 for its peers.<\/p>\n<p>And stock has a price-to-book value of 1.2 \u2013 an 82% discount to the industry (6.8).<\/p>\n<p>Better still, the company sports a 4% yield \u2013 nearly double the yield of the S&amp;P 500.<\/p>\n<p>The company also received a favorable ruling against Comcast over copyright infringement last week, which resulted in a 15% pop in shares.<\/p>\n<p>And at a market cap of $2 billion, the company has plenty of room to grow \u2013 or be acquired itself.<\/p>\n<p>Either way, with double-digit earnings growth on deck for TiVo over the next two years, shares won\u2019t remain this cheap for long.<\/p>\n<p>On the hunt,<\/p>\n<p>Jonathan Rodriguez<br \/>\nSenior Analyst, <i>Wall Street Daily<\/i><\/p>\n<p>The post <a href=\"https:\/\/www.wallstreetdaily.com\/2017\/06\/07\/cord-cutters-stunned-tv-companys-comeback\/\" rel=\"nofollow\">Cord Cutters Stunned by TV Company\u2019s Comeback<\/a> appeared first on <a href=\"https:\/\/www.wallstreetdaily.com\" rel=\"nofollow\">Wall Street Daily<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By WallStreetDaily.com Cable\u2019s once rapt audience has been cutting the cord in droves. But one left-for-dead company is making a shocking recovery. Shares won\u2019t stay this cheap for long. Also recommended: High-tech ammo cause for alarm? Dear Wall Street Daily Reader, Thirty years ago, cable television was one of the most powerful forces in the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-107024","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/107024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=107024"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/107024\/revisions"}],"predecessor-version":[{"id":107026,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/107024\/revisions\/107026"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=107024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=107024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=107024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}