2024-02-18 04:05:27 ET
Summary
- AMC Networks is facing challenges from cord-cutting, but continues to generate strong free cash flow and focus on niche quality content.
- The company leverages spin-off shows from highly praised content to generate revenue and create new hits.
- Positive momentum in their streaming business could offset declines in cable and contribute to future growth.
- Shares are a buy with a price target of $20.
Investment Thesis
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Streaming Growth, Solid Cash: Betting On AMC Networks' Financial Future