The case for RHI Entertainment (RHI) and the expectation we had when we first looked at it still stands. Q1 and Q2 were expected to be poor and they were. Q’3 and 4 were expected to show a marked improvement and based on what is in production and what is expected to be delivered, that is also the case.
SEC filing:
RHI Q2
This one will require some patience although after Q3 is reported, if we do not see some real progress, we may want to take a look at reconsidering or at least tearing apart the investing thesis and starting order to see if we come to a different conclusion.
Disclosure (“none” means no position):Long RHI
One reply on “RHI Reports Q2”
Hey Todd,
I listened to the call and the CEO said the lower numbers were almost entirely due to seasonality and not lower demand. They were pretty optimistic as they said many networks are looking for more reasonably priced programming and they can fill that need.