Comments on: Asset Play with ValueVision Media Inc (VVTV)

By: Earnings Power Value EPV Valuation Microsoft | Old School Value

Earnings Power Value EPV Valuation Microsoft | Old School Value — Mon, 21 Sep 2009 14:57:19 +0000

[...] VVTV may be just another home shopping company but for a new competitor to enter the market, they will [...]

By: Jae Jun

Jae Jun — Tue, 16 Jun 2009 06:15:50 +0000

My latest thoughts are the same as what I wrote in the last post. If VVTV can execute even a little of what they promise, they are set to go. Their major setback have been absurdly high costs which ate into profits, and when they announce the results of all their contract renegotiations, we’ll be able to get an idea of how much money the company can save.

Save money and then execute strategy. I’m not being optimistic with numbers or anything but the company has been undervalued so much and for so long.

New management is great! Most of them are from QVC so they have worked with each other and know what works. Strategy is straight from QVC.
The best compliment is imitation and if VVTV can imitate QVC that would be great.

By: Onyx

Onyx — Tue, 16 Jun 2009 03:13:00 +0000

Great analysis Jae. any new thoughts on vvtv? seems to have been really moving in the past several weeks? still an opportunity?

By: ValueVision Inc Q3 Updated Valuation | Old School Value

ValueVision Inc Q3 Updated Valuation | Old School Value — Thu, 18 Dec 2008 18:20:42 +0000

[...] here to read the first post on VVTV to get the background information and valuation numbers as I will be [...]

By: Jae Jun

Jae Jun — Wed, 17 Dec 2008 04:39:02 +0000

I’ve taken a look at the numbers and I’ll write an update soon.
But the debt doesn’t alarm me at this point. I can’t remember off the top of my head the type of debt but it seems to be a one off thing.

By: Jim

Jim — Wed, 17 Dec 2008 00:03:45 +0000

Jae, have you seen the latest 10Q? They have $93.17 in liabilities up 25.96% from last quarter. Their Cash is $61.41 Million up 25.76% from last quarter as well. I’ve got a revised liquidation value of $55.91 Million making each share valued at $1.66 per share. A 315% Margin of Safety to today’s closing price of $0.40 per share.

By: Potax

Potax — Mon, 15 Dec 2008 20:06:00 +0000

long @ 0.381

By: Jim

Jim — Wed, 10 Dec 2008 17:45:06 +0000

The dividend was my catalyst. Although its true that most high dividends are unreasonable assertions and most often don’t come to fruition what separated CPI was that in over 28 years they’ve never lowered or not payed a quarterly dividend.

By: Jae Jun

Jae Jun — Wed, 10 Dec 2008 17:28:23 +0000

yea I need a good rubbing in. My fault for not looking into it further.

Lesson I learnt is to not get lazy..

I’ll have to re-evaluate the company for sure now and see.

Also, if the price has been rocketing up because of fundamentals, I would have to say I missed out on a possible 10 bagger, especially with that huge 50% dividend yield you grabbed.

By: Jim

Jim — Wed, 10 Dec 2008 16:57:31 +0000

I know it isn’t kosher to say these words but I can’t resist and its all in good nature. I TOLD YA SO!!!

I’m averaged in at $1.60 and I’m very very happy to say the least. It proves that a value investor can make money even in a recession. This was my largest holding and I’m proud to say that I beat the hell out of the S&P and nearly every day trader this year. I still have a Strong Buy rating on this stock and believe that it will go to $20.00 within the next 1.5 years. I’ve set my stop loss but I definitely am not selling yet.