#8 - DHX Media (NASDAQ:DHXM)
DHX Media (NASDAQ: DHXM) - In the world of digital media, content is king. And that may give investors a bit of optimism as they consider DHX Media. The stock has been battered this year. However, after falling 35%, it may have found a bottom. It’s currently trading right around its simple moving average. The company has taken some positive steps to add to their status as the world’s largest independent library of children’s content by acquiring the intellectual property of Peanuts. This is in addition to its portfolio which already includes Teletubbies, Inspector Gadget,Strawberry Shortcake and Yo Gabba Gabba! After acquiring Peanuts, they promptly sold 39% of their stake to Sony. This not only helped reduce debt, but it gave them the support of a high-quality partner. DHX Media would be a sector play for sure. As more consumers look to cut the cord and move to digital and streaming media, there are opportunities.
About DHX Media
DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.
Read More - Current Price
- $1.11
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
