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Posted by
Two Blokes Jul 14 -
Filed in
Stock
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4 views
QVC's fundamentals have worsened since my last analysis, with increased pressure from tariffs and shifting consumer behavior impacting revenue and viewership. Despite significant non-cash write-downs and operational disruptions, QVCGA's core profitability is best measured by adjusted EBITDA, not GAAP earnings. Technical default risk could possibly be mitigated through asset sale or renegotiation of revolving facility covenants.
