Walt Disney: “Disney Media SpinCo”

Walt Disney (NYSE: DIS) Events: "Disney Media SpinCo" August 11, 2017 SUMMARY INFO Recent PPS: $103 FD Shares Out: 1,572 million Market Cap: $161,619 Net Debt: $17,851 Enterprise: $179,767 DISCUSSION This is a super short, choppy post; and I will have more expansive thoughts on DIS specifically and Media generally in the coming weeks. But … Continue reading Walt Disney: “Disney Media SpinCo”

Advertisements

Discovery Communications: Exiting the “Terminal Value Tunnel”

Discovery Communications Events: Exiting the "Terminal Value Tunnel" August 9, 2017 DISCUSSION In the 2Q17/SNI deal call, DISCK CEO David Zaslav hit on precisely what I believe is taking place right now for high quality content companies: They are in a "terminal value tunnel" as they transition from a traditional cable bundle-dominated world, to one … Continue reading Discovery Communications: Exiting the “Terminal Value Tunnel”

TEVA Pharmaceuticals: Brett Saunders Interview

Teva Pharmaceuticals (NYSE: TEVA) Special Situations: Brent Saunders Interview August 8, 2017 DISCUSSION In an interview with Jim Cramer last night, Allergan (NYSE: AGN) CEO Brent Saunders had the following to say with regard to AGN's 10% stake in TEVA:  "...we're responsible stewards. We will sell the stock over the next few quarters in a … Continue reading TEVA Pharmaceuticals: Brett Saunders Interview

Teva Pharmaceuticals: Dumpster Fire Trading

Teva Pharmaceuticals Specials Situations: Dumpster Fire Trading August 7, 2017 DISCUSSION & ANALYSIS Apparently I cannot find a dumpster fire too hot to touch. Ugh. But TEVA is down over 40% in five days on absolutely enormous volume - something like 20% of outstanding shares - the debt has held above its 2017 YTD lows, … Continue reading Teva Pharmaceuticals: Dumpster Fire Trading

Under Armour: Undervalued Long-Term Brand Value

Under Armour (NYSE: UA) Generals: Undervalued Long-Term Brand Value August 1, 2017 DISCUSSION After eyeing UA for now months (I wrote it up back in December), I believe the time has come to begin averaging into the stock (I initiated a modest position into the opening plunge this morning) based purely on the long-term brand … Continue reading Under Armour: Undervalued Long-Term Brand Value