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The Capitalist Newsletter – May 11, 2017

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ESPN DRAGS DOWN DISNEY FINANCIALS; COULD THE SPORTS TITAN BE ON THE CHOPPING BLOCK?

ESPN, once the crown jewel of Disney’s cable empire, is now dead weight. As cable cutting becomes more and more popular, ESPN remains a premium channel that can often cost extra to keep in a cable package or be added on. At the moment, ESPN is struggling to compete in the new digital television world, and laid off about half of its team to cut costs. But is that enough? Here’s why ESPN’s financial problems outweigh the benefits of ownership for Disney

Read The Capitalist’s Take Here

Read More at MarketWatch Here

Read More at CNBC Here


TIME, INC. LOOKS TO MOVE PAST MAGAZINES; SELLS OFF ASSETS

Time Inc. is planning to sell some magazines or other properties as the struggling publisher tries to push ahead with a digital strategy and move past months of talks with potential acquirers. The owner of Sports Illustrated and People will look to offload “relatively smaller” titles in its portfolio and other “non-core” assets, Chief Executive Officer Rich Battista said Wednesday on a conference call. He didn’t name the assets. Battista added that Time is open to joint ventures with other companies and interested in an outside investor who could provide capital “for a particular opportunity.”

Read More at Bloomberg Here

Read More at Reuters Here

Read More at USA Today Here


WHOLE FOODS MARKET REPORTEDLY SET TO OUST CHAIRMAN, SHAKE UP BOARD IN RESPONSE TO ACTIVIST INVESTOR

Whole Foods Market Inc. is planning to shake up its board in a bid to ward off a proxy fight with activist investor Jana Partners, according to a person with knowledge of the situation. The organic-food grocer will replace as many as seven of its 12 directors, said the person, who asked not to be identified because the deliberations are private. The Austin, Texas-based company also will name a new chairman, according to the person. Whole Foods is seeking to stave off a looming battle with…

Read More at Bloomberg Here

Read More at CNBC Here

Read More at The Street Here


Closing Bell

– Wednesday, May 10th

Markets Finish Flat as Investors Await Tax Reform Progress

Big Insider Trades

– Facebook, Inc (FB) CTO Mike Schroepfer Sells $5.7m

– Tempur Sealy International, Inc. (TPX) Director Usman Nabi Buys $9m

Winners & Losers

– MannKind Corp. (NMKD) Rises UP (42.86%) on News that the Company Signed Deal with Blood Glucose Subscription Service One Drop. Company is May Also Consider a Sale.

– Vitamin Shoppe, Inc. (VSI) Falls DOWN (33.16%) on Big Earnings Miss Following Q1 Report

Most Talked About

Snap, Inc. (SNAP) Considered a Majority Strong Sell After First Earnings Report Following IPA Falls Well Short of Wall Street Expectations

The TIP Sheets

– Wednesday, May 10th

– Fossil Group, Inc. (FOSL) Slips DOWN (33.16%) Following Weak Earnings Report. The Company Missed on Earnings as well as Sales, and Faces Stiff Competition from Apple Watch and Other Wearable Tech. Expect Shares to Continue DOWN

Unusual Volume

NVIDIA Corp. (NVDA) Shoots UP (17.83%) on 53m Shares Traded After Revealing Holodeck, its Groundbreaking Project for Collaborative VR. Company is Seeing Bullish Calls From Analysts Everywhere. Expect Shares to Continue UP

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