I would not assume anything with the market and VV in particular. Recent mgmt change is good. It signals the turn-around is in the next phase. It is now about execution. The team they have put together is very capable of executing and delivering results that will drive the share price to new Hi’s. (and I mean higher than the 52 wk sort of Hi)

Yes I did see that. Upped to 2+ million shares from 44k is a huge jump. Seems like they are backing up the truck on VVTV. Also safe to assume that it was Great Oaks that has been the cause of the recent runup.

Great Oaks Capital filed 13G today. Upped earlier position (44K shares) to 6.4% (2M+ shares).

Perhaps they know what they are doing..?

We shall see…

If one believes that much of the success that can accrue to a company is a result of the people who work there; the management/consultant team assembled at VV have the experience and the credentials that will allow ShopNBC to be successful…even very successful.

When a CEO says he wants to double sales in 3-5 years and then double again in 3-5 years…it is just words…but when those words are backed up by the experience of a management/consultant team that did just that at QVC…seems it should be taken more seriously than $1.70/share….we shall see

With most of the management coming from QVC, this is a play from the QVC book.

This time could be different. Mgt has much industry experience which was lacking before…and the economy appears to be improving vs an imminent/precipitous decline before. Have also much better carriage arrangements.

Q now owns @34% of HSN. They are precluded from taking majority until 2010 I believe. Q & H are fully distributed but expected to grow high single/low double digits when economy improves. ShopNBC could grow 2-3x’s their rate because they have 24M homes in which to add and the current 72M in which they can reintroduce themselves with lower price points and different merchandise than the past.

Q was valued at $14B in 2003 on sales of $4.2B….what would ShopNBC pps be with sales of $1.2B in a few years…and they would also be operating w/@10% EBITDA margin at that sales volume.? That could be reality in 4-5 yrs. Discount back and you can see that current pps is no where near where it should be.

Also, there is a rumor that QVC is trying to buy out HSNI and they have been accumulating HSNI shares in the mid $4.

That ‘growth story’ includes:
1) Meaningful movement toward the above metrics Q by Q and YoY
2) Growing its foot print from 72M homes to 96M homes over time with carriage fees that make economic/business sense
3) Capitalize on internet video to accelerate .com sales
4) Capitalize on mobile e-commerce

Anyway, a bit more on Chinese stocks. I have looked through a number of them but always find them overvalued or “hyped” in some way. Take for example Baidu. Its by far the most well known company , gets ton of media attention, its CEO is on CNBC,etc… despite some aggressive valuations, still overvalued. I did fiind that there are some better known companies that own interest in Chinese companies. Potash (POT) for example owns a stake in the number one Chinese fertilizer company.

My .02. i apologize for any mispellings orrun-offs, but its early and I need some sleep

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