Published: May 22, 2015
Overvalued, levered cable operator on an acquisition spree with no strategic focus in an industry with multiple headwinds. Street is giving management too much credit due to consolidation.
We don’t remember many newspaper executives in the mid‐‘90s insisting their businesses were about to crater. We suspect that several hundred years ago, scribes thought the demand for handwritten books would continue to last indefinitely and that the whole printing press thing wasn’t really a thre...
Fantex essentially offers investors tracking stocks in the income earned by athletes and entertainers. The company plans to add to their asset roster in the near future (Bills quarterback EJ Manuel and Texans running back Arian Foster are scheduled to be next). Considering the true scale of incom...
Published: December 18, 2012
The dramatic and accelerating evolution of technology is, however, quickly turning the prospects of investing in a historically great business into something more akin to sleeping on top of a ticking time bomb. You don’t know when it’s going to go off, but sooner or later, it will. Owners of thes...