Meredith Corporation ($MDP) Possible Buy to $42 Confident Investor Rating: Good

Company name Meredith Corporation
Stock ticker MDP
Live stock price [stckqut]MDP[/stckqut]
P/E compared to competitors Good

MANAGEMENT EXECUTION

Employee productivity Good
Sales growth Poor
EPS growth Fair
P/E growth Good
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $43.45
Target stock price (averages with growth) $50.16
Target stock price (averages with no growth) $37.74
Target stock price (manual assumptions) $40.71

The following company description is from Google Finance: http://www.google.com/finance?q=mdp

Meredith Corporation (Meredith) is a media and marketing company. The Company is engaged in magazine publishing and related brand licensing, television broadcasting, digital and customer relationship marketing, digital and mobile media, and video creation operations. The Company operates two business segments: national media and local media. The national media segment includes magazine publishing, brand licensing, digital and customer relationship marketing, digital and mobile media, database-related activities, and other related operations. The local media segment consists primarily of the operations of network-affiliated television stations, related interactive media operations and video production related operations. In October 2011, Meredith completed its acquisition of Rachael Ray. In January 2012, the Company acquired FamilyFun from Disney Publishing Worldwide. In March 2012, the Company acquired Allrecipes.com, digital food brand.

 

Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in this stock as long as the price is correct. Most of the fundamentals of this company are good, in fact the company ranks as a Good company, but there are some concerns with the price of the stock. Namely the sales of the company are not growing at the rate that make me comfortable. I will not be adding this stock to my Watch List at this time.

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