gfp Posted June 24 Posted June 24 I bought a little bit of QXO today for the first time. I noticed BLDR was up and it reminded me of this former darling. Ready for that Brad Jacobs magic to commence now
Gregmal Posted June 25 Posted June 25 1 hour ago, Marco Van Basten said: Why? Thank you. Among other things, the continued deteriorating financial condition of competitors will just force prices higher which I think should lead to substantial improvements in profitability.
Parsad Posted June 25 Posted June 25 1 hour ago, Gregmal said: Among other things, the continued deteriorating financial condition of competitors will just force prices higher which I think should lead to substantial improvements in profitability. Yup...like Costco and Walmart. Will eat up all of the cable companies for the next decade or so. Streamers are just moving into full blown television programs like sports. So far they've been just been eating up movies and unique programming. They've just started bidding on sports programming and eventually will show all sports. The more total programming they provide, the more people will be happy paying higher subscription fees. Cheers!
yesman182 Posted June 25 Posted June 25 10 hours ago, Parsad said: They've just started bidding on sports programming and eventually will show all sports. They have been consistent in saying they are not interested in bidding on the multi year full season contracts. You think that will change? Or are you saying you think they will bid on more one-off sporting events in more sports? Like golf, or tennis or whatever else besides football.
Cod Liver Oil Posted June 25 Posted June 25 (edited) Adding to Sony. It doesn't have the IP of Nintendo but at least management is restructuring to increase margins. Games are in the dumps but imaging is getting a nice tailwind from AI. Not world beaters but solid balance of businesses reasonably well run still at 6/7 times cf.. I like the anime stuff. Edited June 25 by Cod Liver Oil
Parsad Posted June 25 Posted June 25 3 hours ago, yesman182 said: They have been consistent in saying they are not interested in bidding on the multi year full season contracts. You think that will change? Or are you saying you think they will bid on more one-off sporting events in more sports? Like golf, or tennis or whatever else besides football. They'll be opportunistic. If they find they are getting sports programming in a nice package for a fair amount, they will buy it. Sports programming is really the only thing keeping cable alive. Eventually, the streamers will replace the cable companies once they realize tie-ups with the cable companies aren't worth it any more. We're not there yet. Cheers!
frommi Posted June 25 Posted June 25 EVO, CPRT, VEEV. Cheap valuation relative to growth/history and all have big buybacks and great balance sheets.
Spekulatius Posted June 25 Posted June 25 (edited) 5 hours ago, Parsad said: They'll be opportunistic. If they find they are getting sports programming in a nice package for a fair amount, they will buy it. Sports programming is really the only thing keeping cable alive. Eventually, the streamers will replace the cable companies once they realize tie-ups with the cable companies aren't worth it any more. We're not there yet. Cheers! The issue is that the sports content provider hold the cards and charge per viewer basically. So the Netflix advantage of having more scale really doesn’t work here. Edited June 25 by Spekulatius
Parsad Posted June 26 Posted June 26 1 hour ago, Spekulatius said: The issue is that the sports content provider hold the cards and charge per viewer basically. So the Netflix advantage of having more scale really doesn’t work here. Not really. For example, the NFL and NHL charge cable companies a flat fee to show their games. FOX is paying the NFL $2.25B a year for 11 years under the current contract to show games. NFLX can make a bid and get the rights, and then show those games globally across their platform. FOX gets maybe 20-40M viewers for the big games other than Superbowl...and those games would be FOX's highest viewed shows. Whereas NFLX has 325M subscribers and growing! Cheers!
Spekulatius Posted June 26 Posted June 26 54 minutes ago, Parsad said: Not really. For example, the NFL and NHL charge cable companies a flat fee to show their games. FOX is paying the NFL $2.25B a year for 11 years under the current contract to show games. NFLX can make a bid and get the rights, and then show those games globally across their platform. FOX gets maybe 20-40M viewers for the big games other than Superbowl...and those games would be FOX's highest viewed shows. Whereas NFLX has 325M subscribers and growing! Cheers! If they do it like that, they need to increase the subscription rate to $40 or so (basically a cable bundle Netflix branded) and a lot of people will cancel. They can do this as an add on for additional cost but will get way fewer takers doing so.
Parsad Posted June 26 Posted June 26 1 hour ago, Spekulatius said: If they do it like that, they need to increase the subscription rate to $40 or so (basically a cable bundle Netflix branded) and a lot of people will cancel. They can do this as an add on for additional cost but will get way fewer takers doing so. That's probably what will happen. At $40, that's still less than half the price of cable. Streamers will become the defacto cable companies. You bundle as much or as little as you want. You order all NFL games for $10 a month during football season...or you might want to order UFC fight on a specific night for $25...etc. Rent a movie just in theatres...$15. You want Bloomberg, CNBC and other financial stations...$3 a month more. Cheers!
vpagano Posted June 26 Posted June 26 Sprinkling of down names this week: ADBE, NOW, INTU, DPZ, MSFT, UBER
dwy000 Posted June 26 Posted June 26 10 hours ago, Parsad said: That's probably what will happen. At $40, that's still less than half the price of cable. Streamers will become the defacto cable companies. You bundle as much or as little as you want. You order all NFL games for $10 a month during football season...or you might want to order UFC fight on a specific night for $25...etc. Rent a movie just in theatres...$15. You want Bloomberg, CNBC and other financial stations...$3 a month more. Cheers! Maybe better for the Netflix thread.but this is exactly what killed the cable bundle. If you go a la carte there isnt enough demand for individual product to make it work at low prices - especially if that product is for a small portion of the year. The Sunday Ticket on YouTube can cost up to $450 per season. And sports is a mess. Prime has Thursday Night Football, ESPN has Monday Night and the rest is spread between networks (with Netflix getting the Christmas games).
aws Posted June 26 Posted June 26 LILAP - the latest Malone spin off. A 9% preferred trading at under 80 cents on the dollar even after Malone bought pretty heavily open market in the past few days.
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