Warner Music Group (WMG) reported slightly better than expected 2Q07 results with revenues of $784 million and EBITDA of $96 million both soundly beating analyst estimates. Despite the big beat on these metrics, the source of the upside was not material relative to the challenges faced by the music industry. Upside in publishing and foreign […]
Warner Music (WMG) reported very strong March quarter results this morning. EMI, which is trying to buy the company, now has extra incentive to raise its price slightly. The combination of good earnings and takeover interest should keep WMG shares at current levels or slightly higher. Upside is limited, however, as a buyout is unlikely […]
One stock I’ve had my eye on as a possible long is Warner Music Group (WMG). The company reported yesterday and the shares fell slightly in response against a strong market. My working thesis has been that the transition from physical to digital music sales would turn out more favorably than the Street expected. I […]
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