We wanted to bring your attention to a limited-time offer from our friends at Boyar Research. Normally their equity research reports, which many of the world’s most successful institutional investors have been subscribing to for over 40 years, are sold exclusively on a subscription basis. These subscriptions cost tens of thousands of dollars. However, for a very limited amount of time, Boyar is making its most recent issue available for purchase for just $945. This issue features three companies including AMC Entertainment Holdings, The TJX Companies, and Harley-Davidson that they believe to be selling at significant discounts to their estimate of intrinsic value.
Act quickly as this offer expires on September 18th at Noon EST.
To take advantage of this limited time offer, please click here.
Investment highlights of companies featured in Boyar's latest issue:
1) AMC Entertainment Holdings, Inc. (current price $15.20, Boyar’s 2019 estimate of intrinsic value is $26 per share)
AMC has declined ~60% from its 52-week high due to both weak attendance trends as well as fears that controlling shareholder Wanda could be forced to sell its stake. However, the upcoming film slate looks promising, which could cause a quick rebound in industry sentiment. Even assuming revenue growth slows from 8% (2014-2016 average) to 4% by 2020 and attendance fails to recover to 2016 levels, Boyar estimates AMC’s intrinsic value could exceed $26/share by YE2019 using conservative multiples.
2) The TJX Companies, Inc. (current price $73.47, Boyar’s 2021 estimate of intrinsic value is $120 per share)
In Boyar’s view, TJX is a classic case of throwing the “baby out with the bathwater” as shares have declined ~10% from their 52-week high in sympathy with the carnage experienced by traditional brick and mortar retailers (as well as margin pressures Boyar believes to be temporary). However TJX has significant growth opportunities and unlike most retailers possesses a “moat” that protects it from online competition.
3) Harley-Davidson, Inc. (current price ~$47.96, Boyar’s 2019 estimate of intrinsic value is $62 per share)
HOG has declined ~25% from its 52-week high due to a multitude of factors, including a reduction in shipping guidance as well as fears associated with the greying of its traditional customer base. However the company possesses an iconic brand, sells at a below market multiple, and sports an ~11% FCF yield. Boyar believes HOG has a significant opportunity for capital appreciation if some of its marketing initiatives are properly executed.
This offer expires on September 18th at Noon EST, click here to purchase.
For additional information on Boyar Research or this offer, please email jboyar@boyarvaluegroup.com
