William Blair positive on Israeli Communications Company, RRSat (RRST)
Written by: Zack Miller | April 23, 2007
In a note published on April 13th, William Blair reiterated their outperform rating on RRSat (RRST), a global communications company that provides content services to the television and radio broadcasting industries. Having just IPOd in late 2006, the stock has kind of gyrated over the past few months.
William Blair cites “the continued global proliferation of entertainment content should provide solid demand for RR’s content distribution and value-added services. The number of worldwide television channels is forecasted to grow at a 13% CAGR from 2005 to 2012. As one of only two distribution service providers with an end-to-end, global distribution network, we believe RR is well positioned to capitalized on these trends.”
RR now has contracts with over 285 television channels and more than 80 radio channels, and has never lost a customer to attrition.
It’s early in the story — let’s keep an eye on this one.
Share with others:
