This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Have Big Media Stocks Run Too Far?

In Canada, BCE and Rogers Communications (RCI) enjoy carte blanche from regulators that an American company could never dream of.

The name I left out -- MSG -- is a special case. Despite the lofty valuations, you have to think MSG, as well as AMC Networks (AMCX), is ripe for takeover by a News Corp, Time Warner or Viacom (VIAB). These types of companies represent missing puzzle pieces as the major media conglomerates look to develop key regions of the country and assemble sports and original programming empires.


It's the most overlooked bull story in the stock market: Massive gains in big, old guard media names. It's not a fluke. It's not merely the product of a bull market. It's real and, while it's always wise to exercise caution via profit taking, the long-term narrative across the sector remains firmly intact, warranting confident price-to-earnings ratios.

-- Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
BCE $44.15 -0.04%
DIS $109.44 -1.20%
NWSA $14.94 -6.70%
MSG $83.17 -0.38%
TWX $83.62 -0.98%

Markets

DOW 17,748.50 -179.70 -1.00%
S&P 500 2,070.14 -19.32 -0.92%
NASDAQ 4,892.6980 -46.6290 -0.94%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs