Re: QURATE Officially Changes Name

Beammeupscotty · ‎02-25-2024

@THEY CallMe Mr Wilkes Very interesting. I think it's a good move to change their stock name to include the QVC brand. When they move into streaming and social media it makes them more recongnizable. Makes sense. thanks for the update.

Sooner · ‎03-10-2010

QURATE sounds Asian. . . A rose by any other name. . .

loriqvc · ‎11-06-2011

@Sooner - I'm pretty sure the previous name was just a "Q" play on the word "Curate," which is a common term used to talk about selecting and organizing items for a presentation (as you would with shopping-related businesses).

RescueLover · ‎02-06-2022

😎 Thank You @They Call Me MR Wilkes

RescueLover · ‎02-06-2022

Even Walmart dragged down the Dow with it lowered sales outlook. 🤷🏻‍♀️

San Antonio Gal · ‎05-18-2017

Thank you @THEY CallMe Mr Wilkes for always keeping us up-to-date on the latest. Much appreciated.

Bookplate · ‎08-19-2011

I'd be a lot more interested in some new products than I am in a new corporate name.

sunshine45 · ‎03-09-2010

@Puzzle Piece wrote:
I didn't know that Garnet Hill was also theirs.

yes @Puzzle Piece they have all been a part of one group for a number of years now. that is also why there are links on the bottom of the homepage to other online stores.

********************************************
"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing." - Albert Einstein

CalminHeart · ‎03-09-2010

@THEY CallMe Mr Wilkes wrote:
That The QVC Group is "unprofitable" is a persistent forum myth that some love to repeat over and over.

A primary and significant measure of profitability, Net Operating Income, was a positive $153 million 3Q24, basically the same as 3Q23. This is a pure, unadulterated measure of the business, sales revenue minus Operating expenses, including some noncash line items.

An even more telling measure is Cash Flow From Operations, which was positive $313 million 3Q24, even more important as it excludes noncash items.

The "$15 million loss" which dominates headlines and the attention of company detractors, was after income taxes and interest expense. News reports, unfortunately focus and become fixated on it, since it's a negative.

But from a basic measure of the business itself, QVC Group has indeed been profitable.

We shall see if that changes next week.

You need to read their quarterly financial reports and other unbiased reporting by financial and economic experts.

I was a Registered Principal and licensed securities rep for 39 years.

I would not want to recomment Q stock given the current financial environment and Q's years of struggling to get share prices up to $1.

On the flip side, if someone wants to take a big chance and buy low now, maybe they'll be able to sell higher down the road. They just need to understand the risks and I would still decine to be their sales rep for this purchase.