Cineverse Corp (CNVS)

[tokyopua]

The conference call proved it, this company is WAY undervalued.

They gave a metric for value per subscriber of between $500 and $1000 based on similar channels like DramaFever and CrunchyRoll sales valuations.

NFLX right now is something like $550 even after declining from about $856 per subscriber at recent highs.

So presently Dove channel is worth between 11 million to 22 million dollars after JUST 5 months of operation.

All this while CIDM has other channels, a whole digital cinema business, residual equipment value, an enterprise value that is over 10X current market cap due in large part to a huge tax loss advantage to any acquiring company.

Dove alone at current growth rates will be worth anywhere from 40 million to 80 million a year from now, all this while CIDM itself trades at 17 million in total market cap today.

The problem seems to be that it is a small cap company that is not widely followed and their EPS keeps coming out negative because they are doing marketing spend to build out the Dove channel. When you are worth 17 million only and you can add that amount of market cap every 200 days with just one channel, then that is what you do.

This thing is going to get bought out by a company like Lionsgate, or Softbank which already bought DramaFever, or Otter which bought CruncyRoll, etc.

Simply the most undervalued stock I can find and so I added more 2 days ago before earnings, and again today after earnings. Looking forward to the multibagger here, just a matter of time