Stock price when the opinion was issued
This company sells satellite Pay-TV in the US. 20 million subscribers. In Latin America and have 17 million subscribers. Penetration rate of Pay-TV in Latin America is about 25%-30% versus 90%-95% in North America. At some point in time, the penetration rate is going to continue to increase and get to North American levels. They don’t have to do anything with infrastructure. Very low capital intensive business. Buying back stock and have shrunk the float 40% over the last 3 years.
(A Top Pick Nov 28/13. Up 32.7%.) Being taken over by AT&T (T-N), which made an offer of $95 a share. There is a 12 month regulatory closing and there is some risk that the deal could not close. He is holding on.