We hardly ever hear of a hedge fund’s impact on the entertainment sector, but with Hollywood’s George Clooney on a recent rant about hedge fund managers, here’s an update on the entertainment industry as a sector. According to the GuruFocus 52-week low Value Screen, two entertainment companies have fallen to a 52-week low, a Hong Kong television broadcaster and a Canadian radio broadcast company.
Entertainment
This sector has two companies out of 59 at a 52-week low. The low ratio is 0.03.
Hong Kong Highlight: Television Broadcast Ltd. (TVBCY, Financial)
Television Broadcast Ltd. (TVBCY) shares are priced at $13.78 and currently 13.3% off a 52-week high of $15.90; the yield is 4.58%. Shares trade at a P/E of 13.53 and a P/B of 2.90. Down 6% over 12 months, the company has a market cap of $3 billion.
“Chinese Jade” and “English Pearl” are the main viewing channels of Television Broadcast Ltd., a Hong Kong television broadcast company. Established in 1967, Television Broadcasts Limited, commonly known as TVB, is the first wireless commercial television station in Hong Kong. The company has over 4,600 employees, including contract artists and staff in overseas subsidiary companies.
The major activities of TVB are television broadcasting, program production and other broadcasting related activities such as program licensing, video distribution and satellite broadcasting. TVB now operates five television channels, providing free and diversified television entertainment to 2.37 million homes in Hong Kong, transmitting over 17,000 hours of programming every year.
Historical Pricing:
Canadian Highlight: Corus Entertainment Inc. (CJREF, Financial)
Corus Entertainment Inc. (CJREF) shares are priced at $23.81 and currently 8.6% off a 52-week high of $26.04; the yield is 2.78%. Shares trade at a P/E of 17.10 and a P/B of 1.60. Up 6% over 12 months, the company has a market cap of $1.94 billion.
Originally incorporated in Canada in 1998, Corus Entertainment Inc. operates as a media and entertainment company with interests in radio broadcasting, television broadcasting, and the production and distribution of children's media content. Corus Radio operates 52 stations mainly in Canada’s urban centers, including Montreal, Quebec City, Toronto, Hamilton/Burlington, Winnipeg, Edmonton, Calgary and Vancouver, and in southern Ontario. Corus Radio operates news/talk radio stations, along with television networks focused on children and adult genres and western Canada's premium television services.
Historical Pricing:
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Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
Entertainment
This sector has two companies out of 59 at a 52-week low. The low ratio is 0.03.
Hong Kong Highlight: Television Broadcast Ltd. (TVBCY, Financial)
Television Broadcast Ltd. (TVBCY) shares are priced at $13.78 and currently 13.3% off a 52-week high of $15.90; the yield is 4.58%. Shares trade at a P/E of 13.53 and a P/B of 2.90. Down 6% over 12 months, the company has a market cap of $3 billion.
“Chinese Jade” and “English Pearl” are the main viewing channels of Television Broadcast Ltd., a Hong Kong television broadcast company. Established in 1967, Television Broadcasts Limited, commonly known as TVB, is the first wireless commercial television station in Hong Kong. The company has over 4,600 employees, including contract artists and staff in overseas subsidiary companies.
The major activities of TVB are television broadcasting, program production and other broadcasting related activities such as program licensing, video distribution and satellite broadcasting. TVB now operates five television channels, providing free and diversified television entertainment to 2.37 million homes in Hong Kong, transmitting over 17,000 hours of programming every year.
Historical Pricing:
Canadian Highlight: Corus Entertainment Inc. (CJREF, Financial)
Corus Entertainment Inc. (CJREF) shares are priced at $23.81 and currently 8.6% off a 52-week high of $26.04; the yield is 2.78%. Shares trade at a P/E of 17.10 and a P/B of 1.60. Up 6% over 12 months, the company has a market cap of $1.94 billion.
Originally incorporated in Canada in 1998, Corus Entertainment Inc. operates as a media and entertainment company with interests in radio broadcasting, television broadcasting, and the production and distribution of children's media content. Corus Radio operates 52 stations mainly in Canada’s urban centers, including Montreal, Quebec City, Toronto, Hamilton/Burlington, Winnipeg, Edmonton, Calgary and Vancouver, and in southern Ontario. Corus Radio operates news/talk radio stations, along with television networks focused on children and adult genres and western Canada's premium television services.
Historical Pricing:
If you are not a Premium Member, we invite you for a 7-day Free Trial.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
