We're posting up notes from the Ira Sohn Conference 2013 in New York. Next up is a summary of the presentation from Simeon McMillan, a Columbia MBA student who won the Sohn investment contest and got to pitch at the conference: Tribune Company.
Tribune Company (TRBAA)
Newspapers, broadcast TV stations, cable networks. McMillan used a sum of the parts (SOTP) analysis. Follows Greenblatt's book criteria. Only traded OTC, post-bankruptcy equity. SOTP gets low is 6% up from here, medium $88, up 60%, and high could even double. Key swing factor is the value of the WGN cable network.
Check out the rest of the hedge fund presentations from the event: notes from Ira Sohn Conference 2013.
