Analysis and Discussion with Jordan Posner of Matrix Asset Advisors

Transcript:
in corporate ews, time arner holding its annual eeting this morning. ichard arsons aying that will robably step down fter this ear. hat s next or he company? e are oined y a enior rtfolio anager f matrix sset management. rom what e know so far rom eeting, tell me hat have eard ar our arly impression on ow the eeting ing n if you are etting any information. f you are etting any information. effrey ewkes, in is description of the ompany ighlighted three subjects. rst is he tructural arrangements of the company. hey ave already talked bout separating he able ompany, as well s restructuring the business. econd, ncreasing erformance of the emaining usinesses. hird, roducing good eturns for heir hareholders and investors. lso aid hat the stock s undervalued. hat you aid to t is bad nough to he tock account of what has een narrow range? et. what hey talked bout today should ot ave a material impact on the stock. hink the nderlying alue tock is ullo 20' t will ake he actual istribution of he time arner ble o. o return alue. lso hink hat they eed to do something about he ol him. business. n need to look t the nnectivity ign of hat as well he advertising side. hey may eed artner ith other ompany o do hat. anned ut very ell lately. hat ight, paid ubscription ooked ike it as picking up team, but seems to be dissipating. hey want to onetize those people hat sed the ervice tter, but that as not een ell-integrated. ow they are rying to hat tter and etting etter economic enefit rom that platform. t has een an nteresting week n technology. ahoo!, microsoft. bs and cnet. ould we ome ealmaking that would help on he ol ide? hink the onnectivity business will be old, robably nce that ets one, ou ave the advertising platform. hrown into he microsoft ext s an upturn in the trategy s an lternative trategy or ahoo!, as well sn. e still hink that hey re in value ill aluable ommodity hat may unlock ome ood hings in the company. re the previous and him. leaders different? effrey ewkes was nvolved n investment banking efore, and he was ore f a corporate trategy onciliator. an p o in its eyday nd was hen romoted o become co- resident of he com hink he as a uch deeper nderstanding robably more edibility ithin time arner n operator and robably in tter bility to ore ost and profit. o he can o the job one getting he rice f the stock ack up? think so. chard arsons as great rson for usiness at the ime but ow e think jeffrey bewkes can et things one. thank you.