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EMMS, BBGI, TVL, CETV, DISCA, CJREF, Broadcasting - Radio TV Stocks Undervalued

^{Published on 2011-05-31 07:20:16 - WOPRAI}
 

May 31, 2011/ M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the Broadcasting - Radio TV sector and these stocks are the most undervalued as of today. EMMIS COMMUNICATIONS-CLASS A (NASDAQ:EMMS), BEASLEY BROADCAST GRP INC -A (NASDAQ:BBGI), LIN TV CORP-CL A (NYSE:TVL), CENTRAL EUROPEAN MEDIA ENT-A (NASDAQ:CETV), DISCOVERY COMMUNICATIONS-A (NASDAQ:DISCA), CORUS ENTERTAINMENT INC-B SH (OTC:CJREF) are all expected to go Up as they are Undervalued according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables--the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield--to create a highly accurate reflection of a company's fair value.

The chart below displays the projected Fair Value and Valuation discount/premium of the most undervalued stocks in the highlighted industry group:

     Symbol     Company Name                        Last Close     Fair Value     Valuation                   Industry               
     EMMS       EMMIS COMMUNICATIONS-CLASS A        $1.07          $4.28          75.00% Undervalued          Broadcasting - Radio TV
     BBGI       BEASLEY BROADCAST GRP INC -A        $5.03          $7.27          30.80% Undervalued          Broadcasting - Radio TV
     TVL        LIN TV CORP-CL A                    $4.71          $7.32          35.70% Undervalued          Broadcasting - Radio TV
     CETV       CENTRAL EUROPEAN MEDIA ENT-A        $21.64         $25.47         15.00% Undervalued          Broadcasting - Radio TV
     DISCA      DISCOVERY COMMUNICATIONS-A          $43.71         $46.48         6.00% Undervalued           Broadcasting - Radio TV
     CJREF      CORUS ENTERTAINMENT INC-B SH        $20.89         $22.85         8.60% Undervalued           Broadcasting - Radio TV

Here are some of the variables that are utilized when calculating the Fair Market Valuation of a stock: Long-run EPS growth rate, Duration of Business-growth-cycle, Volatility of EPS growth rate, Systematic or beta risk of the firm, Correlation between the firm's EPS and the interest rate environment, EPS growth volatility, Dividend payout ratio, Buffer earnings, Interest rate related criteria: Interest rate (30 year yield) long-run level, Duration of interest rate cycle, Interest rate volatility. The Fair Market Valuation uses 12-month historic and forecasted EPS values and the current 30-year treasury yield as primary determinants. When calculating risk/return values such as the Sharpe ratio, the historic periods used are five years.

Some expected results of the Valuation Model are: the valuation of a stock increases in a declining interest rate environment. Increasing current and/or projected EPS will produce a higher Valuation. While long-term EPS growth would produce a corresponding long-term Valuation increase, concomitant long-term interest rate increases would offset EPS growth and depress the Valuation. The shorter a company's own business cycle, the higher its stock Valuation will be.

EMMIS COMMUNICATIONS-CLASS A (NASDAQ:EMMS) - Emmis Communications Corporation, a diversified media company, together with its subsidiaries, engages in radio broadcasting and magazine publishing operations in the United States. It operates an international radio business; and publishes various city and regional magazines, which consist of Texas Monthly, Los Angeles, Atlanta, Indianapolis Monthly, Cincinnati, Orange Coast, Country Sampler, Country Business, and related magazines. The company also owns and operates national radio networks in Slovakia and Bulgaria; and engages in various businesses, such as Website design and development, consulting, and broadcast tower leasing, as well as operates a news information radio network in Indiana. As of February 28, 2010, it owned and operated seven FM radio stations that served New York, New York; Los Angeles, California; and Chicago, Illinois. The company also operated 14 FM and 2 AM radio stations in St. Louis, Missouri; Austin, Texas; and Indianapolis and Terre Haute, Indiana. Emmis Communications Corporation was founded in 1981 and is based in Indianapolis, Indiana.

BEASLEY BROADCAST GRP INC -A (NASDAQ:BBGI) - Beasley Broadcast Group, Inc., a radio broadcasting company, engages in acquiring, developing, and operating radio stations in the United States. The company broadcasts programs and sells commercial advertising airtime. As of December 31, 2009, it owned and operated 42 radio stations in Miami-Fort Lauderdale, Fort Myers-Naples, and West Palm Beach-Boca Raton, Florida; Philadelphia, Pennsylvania; Wilmington, Delaware; Las Vegas, Nevada; Fayetteville and Greenville-New Bern-Jacksonville, North Carolina; Augusta and Atlanta, Georgia; and Boston, Massachusetts. The company also operated WRDW-AM in the expanded AM band in Augusta, Georgia. Beasley Broadcast Group was founded in 1961 and is based in Naples, Florida.

LIN TV CORP-CL A (NYSE:TVL) - LIN TV Corp., together with its subsidiaries, operates as a local television and digital media company, owning and/or operating 28 television stations in 17 U.S. markets, all of which are affiliated with a national broadcast network. Its stations deliver local news and community stories, along with sports and entertainment programming. The company also involves in the convergence of local broadcast television and the Internet through its television station Web sites, as well as local interactive initiatives and Internet-based products and services. The company was formerly known as Ranger Equity Holdings Corporation. LIN TV Corp. was founded in 1997 and is headquartered in Providence, Rhode Island.

CENTRAL EUROPEAN MEDIA ENT-A (NASDAQ:CETV) - Central European Media Enterprises Ltd. (CME) operates as a vertically integrated media company operating broadcast, content, and new media businesses in central and eastern European countries. CMEs television stations in Bulgaria comprise bTV, bTV Cinema, bTV Comedy, bTV Action, and Ring.bg; in Croatia include Nova TV, Doma, and Nova World; in the Czech Republic consist of TV Nova, Nova Cinema, Nova Sport, and MTV Czech; in Romania comprise PRO TV, PRO TV International, Acasa, PRO Cinema, PRO TV Chisinau, Sport.ro, and MTV Romania; in the Slovak Republic include TV Markza and Doma; and in Slovenia consist of POP TV, Kanal A, and POP Brio. The company was founded in 1994 and is based in Hamilton, Bermuda.

DISCOVERY COMMUNICATIONS-A (NASDAQ:DISCA) - Discovery Communications, Inc., through its subsidiaries, operates as a media and entertainment company worldwide. It provides original and purchased programming across various distribution platforms with approximately 100 television networks in 35 languages. The company operates cable and satellite television networks in the United States, including Discovery Channel, TLC, Animal Planet, Discovery Health, Discovery Kids, Science Channel, Planet Green, Investigation Discovery, Military Channel, FitTV, and HD Theater. It also distributes a network of 21 international television brands, including Discovery Channel; Discovery Channel; Discovery Science; Investigation Discovery; Discovery Turbo; Discovery World; HD Networks, Discovery Lifestyle Networks, such as Discovery Travel & Living, Discovery Home & Health, and Discovery Real Time; DMAX; Discovery Kids; People+Arts, Discovery en Espaol, and Discovery Familia. In addition, the company provides education services, including Discovery Education Streaming, an online video-on-demand teaching service; and Discovery Education Assessment, a service that enables K-12 educators to measure student progress. Additionally, it offers sound, music, mixing sound effects, and other related services to motion picture studios, independent producers, broadcast networks, cable channels, advertising agencies, and interactive producers; and operates an e-commerce site, DiscoveryStore.com. Discovery Communications has a joint venture agreement with Hasbro Inc. The company is headquartered in Silver Spring, Maryland.

CORUS ENTERTAINMENT INC-B SH (OTC:CJREF) - Corus Entertainment, Inc., a media and entertainment company, provides radio and television broadcasting services in Canada. The company offers pay television, advertising, and television broadcasting services. It owns and operates 52 radio stations; various television stations, including YTV, Treehouse, W Network, CosmoTV, VIVA, CMT, Nickelodeon, DUSK, Movie Central, HBO Canada, and Encore Avenue; and 3 local over-the-air CBC-affiliated television stations comprising CHEX-TV in Peterborough, Channel 12 - CHEX-TV in Durham, and CKWS-TV in Kingston, as well as owns interests in TELETOON, TELETOON Retro, Telelatino, and the Food Network Canada. The company also develops, produces, and distributes animated content; and publishes childrens books. The company was founded in 1998 and is headquartered in Calgary, Canada.

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