Nine Entertainment Co. Holdings Ltd
NEC: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$8.80 | Hqxn | Lbzkdsf |
Nine Focuses on Costs as TV Revenue Continues to Fall
Business Strategy and Outlook
Amid COVID-19 uncertainties, we are impressed by Nine Entertainment's progress on factors within its control. The balance sheet is solid, and TV ratings, advertising market shares, and pricing are improving. Critically, management has fundamentally restructured the cost base.