The old saying “one bad apple spoils the bunch” can apply to most facets of life, including investing.#-ad_banner-# But it doesn’t always hold true. I don’t think it holds true at all for a certain entertainment company notorious for its news channel’s decidedly conservative political bent. In fact, I’ve heard investors say they’d never buy the company’s stock simply because of the news channel. But they might be more inclined to reconsider if they realized what they’re passing up — a chance at triple-digit gains from an industry leader that offers much more than news programming. As I’m… Read More
The old saying “one bad apple spoils the bunch” can apply to most facets of life, including investing.#-ad_banner-# But it doesn’t always hold true. I don’t think it holds true at all for a certain entertainment company notorious for its news channel’s decidedly conservative political bent. In fact, I’ve heard investors say they’d never buy the company’s stock simply because of the news channel. But they might be more inclined to reconsider if they realized what they’re passing up — a chance at triple-digit gains from an industry leader that offers much more than news programming. As I’m sure you’ve guessed, the “bad apple” I’m referring to is Fox News. “The bunch” is the media and entertainment conglomerate that controls it, Twenty-First Century Fox (Nasdaq: FOXA), which was spun off from News Corp. (Nasdaq: NWS) last June. Actually, it’s not fair to label Fox News a bad apple if you consider its value purely from an investing standpoint. The channel has tens of millions of regular viewers and generates more than $1.2 billion in annual revenue. Whatever your opinion of Fox News, I suggest you put aside your political leanings for a few moments and take a closer… Read More