May 30th 2012 - Edison Investment Research today published a report on Entertainment One (ETO.L, LSE:ETO, LON:ETO) entitled "Bigger And Better". In summary, the report says:
Speculation regarding possible acquisitions slightly overshadowed another excellent set of results, with FY12 adjusted EPS up 18.5%. Alliance Films could be a transformational deal at the right price but there are other opportunities too; management reiterated that acquisitions must be financially and strategically value enhancing. Meanwhile our unchanged FY13 estimates point to another year of strong organic growth. An EV/EBITDA of 6.6x is well below the historic average and represents a buying opportunity.
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