DTB will give you some thoughts on Rogers by Sunday/Monday, and compare it also to BCE, since they compete for mobile costomers, cable (bell has express vu 1 million subscribers, satelite) and both own media interests (TV stations). Also hopefully some other companies.
For now the not well organized (thought out) Reader Digest version.
Rogers is showing losses because it is quickly building out digital cable, (high speed internet).
cash flow per share US$ 2000$2.65 2001 $1.45/$1.50 2002 $1.08/$1.15
trades at roughly 2.6 book value.
Rogers Media interests
they own 43 radio stations, CFMT (tv station), also other specialty tv stations such as Sportsnet (2nd sport station which is second to TSN owned by BCE, BCE sold their interest in Sportsnet to Rogers to comply with the CRTC).
publish over 65 consumer magazines, trade publications. ect.
they own the Toronto Blue Jays which lost over 37 million this year, they plan to show them on Sportsnet (content, convergance= garbage). they also have applied for more specialty channels 4, such as an all baseball and fishing channel.
EBITDA 2001 10.4estimate 2002 9.6
more later on the company, it is close to being fully value, but may run another 10-15%. for me it would be a trade it has to much debt to be a long term holding.
if you want to add a cable company to the portfolio this is worth considering.
note : did not see Rogers in the bottom line, will look again. maybe missed it.
thanks
selkirk
[This message has been edited by selkirk (edited 11-16-2001).]
