Here’s my latest article entitled Vivendi: Extremely Undervalued, Long-Term Winner Could Unlock Value Through Spin-Off Or Asset Sale which has been published in seekingalpha.com
Check out some highlights below:
Vivendi (OTCPK:VIVHY) combines the world leader in video games (Activision Blizzard), the world leader in music (Universal Music Group), the French leader in alternative telecommunications (SFR), the Morrocan leader in telecoms (Maroc Telecom), the leading alternative broadband operator in Brazil (GVT), and the French leader in pay-TV (Canal+ Group). The previous information was taken from its website. I will get to further descriptions of the subsidiaries later.
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For a discussion of the unsponsored Vivendi ADR , versus the foreign listing of Vivendi (OTCPK:VIVEF), view the comments on this article.
I have used two different valuation techniques for Vivendi. The first is an asset reproduction valuation done on 4-2-2012. All numbers are in millions of euros unless otherwise noted, except the per share numbers. Valuations were done using 2011 10-k..
These valuations are done by me, using my estimates, and they are not a recommendation for you to buy the stock.
The full article can be seen here.