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Fly News Breaks for September 17, 2019
WOW
Sep 17, 2019 | 08:41 EDT
B. Riley FBR analyst Zack Silver added WideOpenWest to his firm's Alpha Generator list saying the recent Crestview insider purchases "provide a path to eliminate future overhang pressure." Further, WideOpenWest trades at a "deep discount" to its intrinsic value, largely due to a "sloppy exit" by a former 32% insider, Silver tells investors in a research note. If Crestview buying continues and takes out a large portion of the remaining limited partnership sellers, the analyst expects the stock will re-rate over the next six months, and nearly a double from here. He keeps a Buy rating on WideOpenWest with a $12 price target.
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