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These bargains could be homeruns over the next five years.
We believe Qurate Retail, Inc. is a strongly misunderstood company that offers a great margin of safety and vast upside opportunity in 2023 and over the next 2 years. With a very asymmetric risk-return profile, our conservative estimates yield an IRR of 32% on an EV/EBITDA and P/FCFE basis.
Roku's (ROKU) Roku Channel expands its offerings to customers as it includes brands from Qurate Retail.
When Michael Burry makes a stock market bet, the financial world takes notice. Recently, the famed investor who predicted the housing market crash of 2008 has been making more moves.
Qurate Retail jumped as much as 15% (pre-market reference) after Michael Burry disclosed having invested more than $10 worth of equity in the company. According to Burry's 13F filing for the September quarter, Qurate Retail is Burry's second-largest single stock holding - lagging Geo Group by about $5 million.
Qurate Retail, Inc. (NASDAQ:QRTEA ) Q3 2022 Results Conference Call November 4, 2022 8:30 AM ET Company Participants Courtnee Chun - Chief Portfolio Officer David Rawlinson - President and CEO James Hathaway - Interim CFO Greg Maffei - Executive Chairman Ben Oren - Executive Vice President and Treasurer Conference Call Participants Oliver Wintermantel - Evercore ISI Jason Haas - Bank of America William Reuter - Bank of America Carla Casella - JPMorgan Hale Holden - Barclays Steve Litt - 4010 Capital Operator Welcome to Qurate Retail 2022 Q3 Earnings Call. During the presentation all participants will be in a listen-only mode.
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Qurate Retail, Inc. Announces Third Quarter Earnings Release and Conference Call
Although the concept of home shopping has gradually been overtaken by e-commerce platforms, Qurate Retail, via its many brands, including QxH, continues to engage its loyal customers and generate positive FCF. With a reduction in discretionary spending, any short-term changes in earnings reports could change investors' sentiment toward the company.
Qurate Retail Group, the John Malone-backed owner of video screen shopping mainstays QVC and HSN, has installed former Amazon exec Soumya Sriraman as president of streaming. Sriraman headed Prime Video Channels at Amazon, focusing on driving subscriptions via Amazon for outlets like Paramount+, Discovery+ and others.
Video commerce giant and QVC owner Quarate Retail is implementing a turnaround plan amid across-the-board declines in revenue, the company reported Friday (Aug. 5). According to the company's second-quarter earnings report, the company's revenue decreased 16% to $3 billion, while its eCommerce revenue fell 17% to $1.8 billion, or 61% of its total revenue.