Simeon McMillan's Sohn Conference Presentation on Tribute Company (Contest Winner)

http://www.marketfolly.com/2013/05/simeon-mcmillans-sohn-conference.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarketFolly+%28Market+Folly%29 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.