Does 21st Century Fox Have a Bright Future?
With shares of 21st Century Fox (NASDAQ:FOXA) trading around $34, is FOXA an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
T = Trends for a Stock’s Movement
21st Century Fox was formerly part of News Corp. The company has a portfolio of cable, broadcast, film, pay television, and satellite assets spanning six continents across the globe. It is home to a global portfolio of cable and broadcasting networks and properties, including FOX, FX, FXX, FS1, Fox News Channel, Fox Business Network, Fox Sports, Fox Sports Network, National Geographic channels, Fox Pan American Sports, MundoFox, STAR, and 28 local television stations; film studio 20th Century Fox Film; and television production studios 20th Century Fox Television and Shine Group.
Investors in 21st Century Fox, excluding chairman and CEO Rupert Murdoch and his family, have voted to separate the roles of chairman and CEO of the company by a 2-to-1 margin, as it’s believed the Murdochs have too much control over the company. According to a regulatory filing seen by Bloomberg, shareholders representing 147 million Class B shares in the company have voted for having an independent chairman at the company’s annual meeting last week.