Posted On May 18, 2021
It's crazy how fast things can change in any part of the corporate landscape once the right dominoe falls. Last week, basically every major media and telecom company was presenting at Moffettnathanson's conference. I follow the media and telecom space pretty closely for reasons that are very obvious to longtime blog readers (my largest positions […]
Posted On May 16, 2021
Let me start this post by noting two things: I've been short T for a longtime, and I'm long DISCA (and a few other Malone holdings). I just put that out there for both disclosure stake and so that you know I might be coming at this with a slight bias. Anyway, this morning I […]
Posted On April 20, 2021
At the beginning of the year, Comscore (SCOR) announced a "strategic investment" from Charter, Qurate, and Cerberus ("the buyers"). The buyers bought $204m in convertible preferred stock, and in exchange Comscore got cash to pay off basically all of their debt as well as an agreement with Charter (and Comcast!) for "long-term data rights to […]
Posted On April 1, 2021
We're living in strange times. There's no doubt about that. 18 months ago, who would have believed that March Madness would be cancelled, or we'd go an entire year without fans at concerts / sports, or that the capital would be stormed? I'd guess no one. And our financial markets seem to have responded to […]
Posted On March 31, 2021
Some random thoughts on articles that caught my attention in the last month. Note that I try to write notes on articles immediately after reading them, so there can be a little overlap in themes if an article grabs my attention early in the month and is similar to an article that I like later […]
Posted On March 25, 2021
A few weeks ago, I said the tide was turning in SPAC-land. This week, I think it's safe to say that the tide has completely gone out on SPACs. A few weeks ago, an average SPAC merger announcement would result in a 10% pop. A good SPAC merger announcement (a good deal by a good […]
Posted On March 23, 2021
I've discussed CCIV a few times: in the lead up to their deal announcement, I discussed how crazy the stock price / action around the stock was. Then, when the stock crashed on the deal announcement, I wondered if that would mark the turning point to pop the SPAC bubble. But I wanted to do […]
Posted On March 15, 2021
Something weird is happening in media stocks. Legacy cable channel / media stocks have seen their stocks go on an absolute tear so far this year, while streaming "winners" have been left behind. Year to date, AMC Networks, ViacomCBS, and Discovery have all more than doubled, while DIS is up slightly and NFLX is actually […]
Posted On March 11, 2021
First, nothing on here is investing advice. GTX is emerging from bankruptcy. Please do your own diligence. I've mentioned GTX on here several times; I originally published the thesis publicly, but I did premium only updates on it in late October and mid-January. It was a good thesis, and it worked out well. I wanted […]
Posted On February 17, 2021
This post is another in a series I do on an irregular basis. A “quickie” idea is an investment specific idea that I’ve been mulling over and find interesting, but haven’t dove fully into yet. The hope is to provide the jumping off point for a discussion of an idea I find extremely interesting right now, as […]
