Earnings estimates for this media company are trending up in the last 60 days.
Liberty Media (LMCA)
from Coolcat New Economy Leaders Report
Liberty Media (LMCA) engages in the media, communications and entertainment businesses, broadcasting music, sports, entertainment, comedy, talk, news, traffic and weather channels and infotainment services on a subscription-fee basis through its satellite radio systems.
It also provides connected vehicle applications, streams music and non-music channels over the Internet, distributes satellite and Internet radios and offers other ancillary services.
In addition, the company owns and operates the Atlanta Braves baseball franchise and five minor league baseball clubs.
The stock has made a nice recovery after making a new low near $31 last October. It’s 6% off its early March high of $40.38.
Earnings are expected to rise 160% to $1.04 per share in the next year, giving it a forward PE of 36. The stock trades at just less than three times annual sales of $4.5 billion.
Kevin Kennedy, Coolcat New Economy Leaders Report, www.coolcatreport.com, 559-875-0613, May 20