Stocks

Interesting, and often contrarian, Snippets on individual companies and the stock market.

Stocks

Altice Disrupting

  • Altice are being very aggressive in the US mobile market.
  • Their new plan prices at $20/month for life unlimited everything (incl roaming and calls to 35 countries) for their existing cable customers and $30 month otherwise (for those near their 21-state footprint).
  • This is roughly half the cost of rivals.
  • You bring your own phone or buy one with 36 month zero financing.
  • US Mobile is very high margin for the incumbents AT&T and Verizon …
Stocks

Burry Long Gamestop

  • Dr. Micahel Burry of Big Short fame is long Gamestop.
  • Nearly 60% of the stock is out on loan to shorts. Often this is a great set up for going long a stock if you believe things won’t be that bad.
  • He has written a letter to the board advocating a buyback in the face of short sellers. You can find it on this Market Folly link. There is also an interesting interview in Barrons with the man himself on the thesis.
  • NB Market Folly is a great site that tracks what big names in the US Hedge Fund world are up to.
Stocks

IAC Shareholder Letter

  • If you don’t already, IAC’s Quarterly Shareholder Letter is a must read.
  • IAC is the holding company for Barry Diller.
  • Since 1995 the company shares have outperformed the S&P by 1.6x; and 4x in the last 3 years.
  • In that time they created and spun-off several public companies – Expedia, TripAdvisor, Match Group (owner of Tinder), ANGI Homeservices. The latter two IAC still holds >80% stakes in.
  • They continue to build and invest in new business like Vimeo (Online Video), DotDash (online publishing), Blue Crew (online recruitment) and the latest Turo (car sharing). In other words at the tech forefront.
  • The latest letter is here and each quarter you can find them here.
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