Buyback Talk for TiVo

11/18/2014 8:00 am EST

Focus: STOCKS

David Fried

Editor, The Buyback Letter

If you watch TV, you probably know our latest featured buyback recommendation; the company developed the first commercially available digital video recorder (DVR), explains David Fried, editor of The Buyback Letter.

So, every time you pause a live TV program, skip past the commercials, or automatically record a series (rather than manually setting up the recording times of each episode), you've got TiVo (TIVO) to thank.

It’s a business that not only made people's lives easier, but upended industries in the process.

The company forever changed the home entertainment game. TiVo, which supplanted the VCR in homes, now offers the TiVo service and TiVo DVRs directly to consumers online and through third-party retailers.

TiVo also distributes its technology and services through cable, satellite, and broadcasting companies.

TiVo has been taking steps to innovate in a crowded market, announcing the launch of Shop By Remote, HSN's interactive shopping experience. With a click of a button, TiVo users can now shop for thousands of products featured on their favorite HSN shows.

It has also introduced a DVR for people who don’t want to pay for a TV subscription—the $50 TiVo Roamio OTA—and announced its new ultra HD set-top box technology (4x the resolution of traditional HD and richer colors) will be powered by Broadcom Corp.

A year ago, it brought streaming to its iOS apps, enabling you to watch recorded shows anywhere with a WiFi signal and has now added the same functionality for its Android app.  

Additionally, the company is rolling out a multi-screen TiVo DVR to 800,000 Canadian cable TV subscribers by mid-2015. It is TiVo’s first deal with a Canadian pay-TV provider. Analysts hint this will be the first of a spate of such deals. 

TIVO has reduced shares outstanding by 5.24% in the past 12 months. We last bought TiVo, Inc. in August, and this global leader in the advanced television entertainment market has risen to the top of our filters again.

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