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Wallace Weitz Comments on DirecTV

July 15, 2013 | About:
DIRECTV (DTV--$62)(DTV) DTV continues to grow profits in a stable U.S. market and to add subscribers rapidly in Latin America. The economics of the business are very good (subscriptions, growing free cash flow per share) and management’s capital allocation is excellent (careful with acquisitions, substantial share buybacks).

From Wallace Weitz’s second quarter 2013 letter to shareholders.

Rating: 3.0/5 (1 vote)


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