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@Calgary

CCA shares are undervalued at 8.1x versus Canadian peers at about 9x and US peers at about 11x.是嘛意思？

rpc(yourfriend)
本文发表在 rolia.net 枫下论坛We are adding CCA shares to our Action List. Our forecasts, Buy rating, and $25 target remain
intact, but the recent decline in the share price has opened up a 51% return to our target price.
CCA shares have fallen 19% from a high of $20.60 in June, and in the past two weeks the
stock is off 6% even though the average cable stock in North America is up 5%. We do not
believe there is any fundamental reason for this underperformance. The company will report
Q4 results on October 20, and we are confident that it will meet or exceed its financial and
subscriber guidance. Our EBITDA estimate of $181 million remains slightly above the high end
of management's guidance of $178-$180. We do not believe that the rate increases in July
have resulted in material customer loss, so we continue to view the EBITDA growth guidance
for 2004 of 8%-10% as easily achievable. Based on 2003e EBITDA (which is soon to become
trailing for Cogeco), CCA shares are undervalued at 8.1x versus Canadian peers at about 9x
and US peers at about 11x.更多精彩文章及讨论，请光临枫下论坛 rolia.net
(#1360932@0)
Last Updated: 2003-9-8
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Replies, comments and Discussions:

  • 枫下家园 / 理财投资税务 / 今天似乎无人谈论股票啊。 -deen(修罗王); 2003-9-8 (#1360908@0)
    • 可能是有人赚大了，不敢吱声，有人后悔大了不愿吱声 -coolest(cooler); 2003-9-8 (#1360909@0)
      • 有人啥也没做，吱不出声。：） -luoboyang(萝卜秧); 2003-9-8 (#1360914@0)
        • :) -ningxin0809(雁影行洲); 2003-9-8 (#1360916@0)
        • 有人只做，不出声 -patpat(侃侃伐坛); 2003-9-8 (#1360952@0)
          • 有人不做，只出声，比如我。:D -pyramid(树木); 2003-9-8 (#1360968@0)
      • 嗯,悔的在这儿呢. 555, 否则离我的两百万不是又近了点? -carelesswhisper(无心快语); 2003-9-8 (#1360943@0)
    • #1360820 -fox69(fox); 2003-9-8 (#1360912@0)
      • 消息不错，不过量小风险大，可以HOLD先看看能不能创新高就知道了。个人意见纯熟瞎说。：D -dundas888(登达寺); 2003-9-8 (#1360969@0)
        • WLDA 加码一倍,今天能过4刀再加一倍. -fox69(fox); 2003-9-8 (#1361047@0)
    • TD WATERHOUSE上星期推荐ATI,今天推荐CCA(Cogeco Cable Inc) -rpc(yourfriend); 2003-9-8 (#1360917@0)
      • CCA shares are undervalued at 8.1x versus Canadian peers at about 9x and US peers at about 11x.是嘛意思？ -rpc(yourfriend); 2003-9-8 {1043} (#1360932@0)
        本文发表在 rolia.net 枫下论坛We are adding CCA shares to our Action List. Our forecasts, Buy rating, and $25 target remain
        intact, but the recent decline in the share price has opened up a 51% return to our target price.
        CCA shares have fallen 19% from a high of $20.60 in June, and in the past two weeks the
        stock is off 6% even though the average cable stock in North America is up 5%. We do not
        believe there is any fundamental reason for this underperformance. The company will report
        Q4 results on October 20, and we are confident that it will meet or exceed its financial and
        subscriber guidance. Our EBITDA estimate of $181 million remains slightly above the high end
        of management's guidance of $178-$180. We do not believe that the rate increases in July
        have resulted in material customer loss, so we continue to view the EBITDA growth guidance
        for 2004 of 8%-10% as easily achievable. Based on 2003e EBITDA (which is soon to become
        trailing for Cogeco), CCA shares are undervalued at 8.1x versus Canadian peers at about 9x
        and US peers at about 11x.更多精彩文章及讨论，请光临枫下论坛 rolia.net
        • CCA还在短期下降通道里没出来，看不出有任何理由现在抄底。技术上讲，我觉得等它站上了20再跟还差不多。 -dundas888(登达寺); 2003-9-8 (#1360950@0)
    • 这两天，NASDAQ 要冲1900 啊！ -deen(修罗王); 2003-9-8 (#1360928@0)
    • NT冲到六块多了，这一轮能上到多少，啥时出货呢？刚才又进了一点加航，不会破产了吧。 -pyramid(树木); 2003-9-8 (#1360962@0)
    • KRAFT，WINS等高手们正在紧张地数钱，恐怕不得闲啊。：D -dundas888(登达寺); 2003-9-8 (#1360965@0)
      • I am very relaxed -wins(wins); 2003-9-8 (#1360967@0)
        • 提前进入退休状态了。 -heian(黑暗㊣效果不好，走！); 2003-9-8 (#1360971@0)
          • 2M? that is impossible for me. -wins(wins); 2003-9-8 (#1360977@0)
            • Nothing is impossible. Especially for you,it's very possible. -carelesswhisper(无心快语); 2003-9-8 (#1361045@0)
    • 大家看Oracle怎样？ -youngerbrother(http:fun.to/hongwei); 2003-9-8 (#1360994@0)
      • 在兼并PEOPLESOFT水落市出前恐怕难有大起色. (我捏了两个多月了, 收效太小 :-( -rom(红蚂蚁); 2003-9-8 (#1361008@0)
        • 最近SOFTWARE 板块都很疲软。 -deen(修罗王); 2003-9-8 (#1361026@0)
    • 正在懊恼呢, -sz648(重新做人); 2003-9-8 (#1361001@0)
    • MM不愧是MM，前一天放巨量下跌，转天就大涨，不过量价配合不好。个人意见，抱稳，坐好，等着机构给你抬轿子吧。 -fishlonely(我爱Browning); 2003-9-8 {33} (#1361033@0)
      别听我的，我本儿还没收回来呢。:-)
    • 本人最近都在寻机逢高出货。 并耐心等待回调。 今年表现最好的INTERNET- ISP，SEMICONDUCT 板块中有不少好股票， 准备在回调中买入。 -deen(修罗王); 2003-9-8 (#1361034@0)
      • Me too. -qqqqq(qqqqq 有翼自薄); 2003-9-8 (#1361046@0)
        • 大家别笑， 我是新手， 请问INTERNET- ISP，SEMICONDUCT 板块是什么？ -dulinjason(dlja); 2003-9-8 (#1361053@0)
          • http://biz.yahoo.com/ic/ind_index.html -qqqqq(qqqqq 有翼自薄); 2003-9-8 (#1361059@0)
          • ISP- Internet service provider SEMI-CONDUCTOR 半导体芯片生产 -deen(修罗王); 2003-9-8 (#1361064@0)
            • 非常感谢大家 -dulinjason(dlja); 2003-9-8 (#1361069@0)
            • 修罗王 有翼自薄 前辈， 能不能推荐几只INTERNET- ISP，SEMICONDUCT 板块中的好股票？ -dulinjason(dlja); 2003-9-8 (#1361154@0)
    • 既然大家对炒股票都这么感兴趣， 何不找个机会大家聚一聚？ -deen(修罗王); 2003-9-8 (#1361049@0)
      • 修罗王, 请问INTERNET- ISP，SEMICONDUCT 板块是什么？ -dulinjason(dlja); 2003-9-8 (#1361057@0)
      • 建议炒股高手们（你，WINS，无心快语，KRAFT，ETC）来个网上友谊赛：每人pick 3~5个股票，真买也好，纸上谈兵也好，最好加上评论，然后定期加评。这样也让我们大家学习学习。好不好？ -dundas888(登达寺); 2003-9-8 (#1361058@0)
        • 你把我称为高手真是抬举我了。这里的KRAFT， WINS， CARELESS 才是高手。 不过你提的建议不错，有好股票大家一起切磋。 -deen(修罗王); 2003-9-8 (#1361071@0)
    • 大家都在哪里开的户啊?! -loveeminem(8 Mile); 2003-9-8 (#1361050@0)

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