Wednesday, November 4, 2015

Alert: TheStreet Reports Q3 Profit

After the close , TheStreet (NASDAQ: TST $1.44) reported 3rd quarter profit for the period ending September 30,2015.
TheStreet was expected to report a Q3 loss of ($0.03).

The stock average daily volume over the last 3 months was 34.000, today the stock traded above average volume of 349,000.
The stock has been trading at a 52 week low over the last several weeks. The stock pays a $0.10 a share dividend paid quarterly. At current levels the shares are yielding 6.9%.

Equities Research continues to rate TheStreet TST a Strong Buy.

34 million shares outstanding with $1.44 share price, the total market capitalization is $50 million.
TheStreet has zero debt and Subtracting the $30 million cash from the  $50 million market capitalization, the entire underlying business is currently being valued at $20 million.

Analyst at B. Reilly has a price target of $4.00 on  the shares as of this morning.

NOTES FROM 8K filed after the close: 

TheStreet (TST): Q3 2015 Revenue Increases 14%

Third quarter revenue of $16.7 million, up 14% year-over-year.
GAAP Net Income of $0.4 million, representing EPS of $0.01 versus a loss of $0.5 million, representing EPS of ($0.02) year-over-year.
Subscription Revenue of $13.7 million, up 17% year-over-year.
Media Revenue of $3.0 million, up 2% year-over-year.
Cash, cash equivalents, restricted cash and marketable securities of $30.3 million.
Confirms full-year revenue guidance: $68 to $69 million.
Confirms full-year Adjusted EBITDA(1) guidance: $2.8 to $3.2 million.

Friday, October 2, 2015

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