Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

After graduating from Trinity College in Connecticut, I joined Eaton Vance full-time as an equity research associate. While at Eaton Vance, I completed the Chartered Financial Analyst program and earned the CFA designation. In 2013, I left Eaton Vance to join Citi Private Bank to work in the private equity research group.

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul><li><p>The Wall Street Journal recently published <a href="https://www.wsj.com/business/media/streaming-prices-are-soaringand-consumers-are-still-paying-1bb7dbae?gaa_at=eafs&amp;gaa_n=AWEtsqerMaDRe0nUfUrSt2xrfSfCVuLx_ceJQsAUdBpc-rAhTsWuMKpo2YO_&amp;gaa_sig=4Cd9WfQr_CT1KGN0vDrLDYLksGu89gwWcpzYMWzVh2bkvmNwVFHiBWViDESQRiKPyLxoZINiok8yJX8rUPbQXg%3D%3D&amp;gaa_ts=691747da" target="_blank" rel="noopener">a good article</a> highlighting that streaming costs are soaring but consumers continue to be willing to pay.</p><figure class="editor-figure mceNonEditable"></figure></li><li>This is good news for Starz (STRZ), a pure play streaming service that is relatively cheap vs. its larger competitors.</li><li>I continue to think Starz looks attractive. It is showing sequential revenue growth and OTT subscriber growth yet trades at 3.7x EBITDA and 2x FCF.</li></ul>

The Wall Street Journal recently published a good article highlighting that streaming costs are soaring but consumers continue to be willing to pay.This is good news for Starz (STRZ), a pure play streaming service that is relatively cheap vs. its larger competitors.I continue to think Starz looks attractive. It is showing sequential revenue growth and OTT subscriber growth yet trades at 3.7x EBITDA and 2x FCF.

Starz

Weekly Update (MICC, MEDXF, STRZ)