Added to YB: 2026-06-16
Pitch date: 2026-06-11
VSNT [neutral]
Versant Media Group, Inc.
-3.3%
current return
Author Info
Accrued Interest is an TMT Equity Research Specialist. They manage their family office and write about business and investing. Former tv/radio executive. During corporate years, achieved +3,400% TWR in PA from ’16-‘24. Sign up for the newsletter.
Company Info
Versant Media Group, Inc. engages in the media and entertainment business in the United States. It produces, licenses, and acquires content that is distributed through various outlets, including networks and digital platforms.
Market Cap
N/A
Pitch Price
$40.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.40
P/E
6.76
EV/Sales
1.14
Sector
Media
Category
value
The Student Grades the Teacher: Why David Einhorn Is Wrong on Versant (VSNT)
VSNT (overview): Author counters Einhorn's Ira Sohn bull case ($41, 4.6x EPS, 4.2x EBITDA, ~19% FCF yield). Q1 'beat' manufactured by one-off Kardashian library sale to Hulu, masking -4.9% organic decline; carriage fell -7.3%. Einhorn ignores 2028 cliff (NBC ad halo, ~55% carriage, sports rights all reset). Rented sports moat, buybacks won't save melting core. Underperform; dead money until mgmt harvests vs empire-builds; target $27.
Read full article (13 min)