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Mark Holder

Time Warner: Tough Market

Time Warner (TWX) reported that Q4 results beat estimates, guided up 2016 numbers, hiked the dividend 15%, and approved another $5 billion stock buyback plan. In response, the stock traded down to new lows with a plunge of over 10% at one point. 

The company guided to '16 EPS of $5.30 to $5.40 per share. The stock now trades at roughly 11.5x EPS guidance. 

The market remains too pessimistic on the media sector.

Disclosure: Long TWX

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