Evine Live A Top Pick For 2015 At Brean Capital

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Tom Forte of Brean Capital named
Evine LiveEVLV
as a top pick for 2015 in a note on Monday. “We believe management will meaningfully improve the company's ability to generate sustainable sales and EBITDA growth by increasing its mix of proprietary products from 25 percent today to more than 70 percent (in line with its video retailing peers),” Forte wrote. Forte is also is confident that management can also turn around its financial results. The analyst adds that recent efforts to add proprietary products include Marc Cuban and some of the entrepreneurs he backed on Shark Tank, a tie-in with Discovery Channel's reality TV show, Deadliest Catch and the return of designer Pamela McCoy. Forte is projecting the company's adjusted EBITDA margin to reach 6.1 percent in fiscal 2017 (compared to 3.3 percent in fiscal 2014) and 9.0 percent in the longer-term. Shares are Buy rated with a $8 price target.
Posted In: NewsBrean CapitalMarc CubanPamela McCoyShark TankTome Forte
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