Categories: OLD Media Moves

TheStreet CEO: We’re undervalued compared to competitors

Here are comments made by TheStreet chief executive officer Elisabeth DeMarse on its earnings conference call Wednesday:

To sum up, I believe TheStreet is undervalued on its space today. The intrinsic value of the company is substantially higher than it was two years ago. Earlier I mentioned the recent high valuations for digital media company such as BuzzFeed, Vox, and Business Insider.

Bear in mind, valuations in the B2B space are soaring well. SNL which competes with our RateWatch division, sold for 38 times earnings in July. In the last 12 months Dealogic, Ipreo, and DBRS, all sold for high valuations.

This is a stark contrast to TheStreet which is trading under one times revenue. As management and investors, we are very excited about these valuations. Despite the complication on our balance sheet related to TCV, our Board, our team and management see a path to building our predictable profitable company that benefits from our unique place in the digital media universe, a key differentiator is been as a public company we are focused on profitable growth.

We believe we are building a company that could be even superior to these companies, and create commensurate shareholders value.

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

View Comments

  • is she making jokes? co still has lower revenue from when 2008.

    and is jim cramer planning on working until end of time? he is biggest asset and will retire eventually

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