No. of Recommendations: 8
Davita has not beaten the market as of now while he held it. Covid hurt them. Had other issues too. Businesses have problems here and there. If you look at the cash flows and shares outstanding, if they stick to their knitting, it’s a no brainer. Predictable revenues and a very necessary business for the country.
Liberty media too will be this way in my opinion. Predictable business, low churn, going through a capex cycle and simplifying their structure by leaving the tracking stock. This is a company who will begin repurchasing likely in a year, Ted has followed it for over a decade, and granted it has not been a good investment thus far, but if you look deeper it makes a ton of sense.
No. of Recommendations: 2
Based on yesterday’s 13F, clearly Ted is really laying into this (meaning SIRI). This likely will take a while to really play out, but once they get through the transaction and back to repurchasing stock with its free cash flow, that has been fairly dependable despite all the ‘innovation’ out there as far as Spotify, I think we have a good idea here.
