Date updated:05-30-2007
Media and Telecom stocks from a veteran portfolio manager and media analyst. Each stock offers 20% upside over the next six to twelve months. Target prices based on enterprise value to EBITDA, sum of the parts, and/or free cash flow valuation.

-
AAPL
Apple Inc. - $204.44
- -0.70%
- $205.21
The only mega cap stock offering consistent 20% plus growth.

-
CDL
N/a - $0.22
- 0.00
- $0.22
Highly leveraged radio company offering high dividend and gradual deleveraging.

-
CETV
Central European - $27.08
- 0.00%
- $N/A
The best growth story in media. Owner of leading TV stations throughout Central and Eastern Europe provides great exposure to emerging consumer economies in the region.

-
CMCSA
Comcast Corporati - $15.12
- +0.20%
- $15.04
Current sour sentiment misplaced as company is poised for several years of mid-teens growth in operating cash flow and expanding free cash flow.

-
DIS
Walt Disney-disne - $30.23
- -0.82%
- $30.46
Still firing on all cylinders as the cable networks, theme parks, and ABC are each producing consistent growth.

-
NIHD
Nii Holdings - $31.08
- +0.42%
- $30.96
Leading cellular company in Mexico, Brazil, Argentina, Peru, and Chile providing Nextel service. Growth poised to accelerate due to winddown of network expansion in Mexico and Brazil.

-
NWS
News Corporation - $14.09
- -0.70%
- $14.20
Cable networks, international satellite operations, and MySpace will drive mutliyear double digit growth. Prefer non-voting NWS.a shares.

-
RGC
Regal Entertainme - $13.71
- +0.44%
- $13.71
Leading movie theatre owner offers current yield over 5% as box office produces second consecutive year of strong growth. 3-D and in theatre advertising provide incremntal upside.
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