Andrew Freedman, managing director at Hedgeye, walks through the TMT landscape post earnings. Key topics include how he looks at legacy media company, why he's bearish PINS and SNAP but long TWTR, and his wories that the economics of streaming simply don't work.
Andrew's Twitter account: https://twitter.com/HedgeyeComm
1:15 Andrew's Process
5:15 Discussing long TWTR vs short SNAP / PINS
9:35 Does the strategic interest around PINS worry you?
15:20 What's going on with TWTR right now?
32:30 Discussing legacy media (starting with VIAC)
37:10 Comping VIAC's valuation versus NXST
41:10 Why does Andrew have a buy rating on NFLX?
45:35 What should Disney do with ESPN?
47:30 Does the MGM / Amazon deal suggest all of legacy media is undervalued?
51:00 How Andrew looks at the Discovery / Warner merger
1:00:40 Valuing VIAC's Pluto asset
1:04:15 Closing thoughts and Andrew's favorite pick