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Vera Yuan
Vera Yuan
Articles (1063) 

Weitz Investment Management Comments on DIRECTV

July 22, 2014 | About:

DIRECTV (DTV) is on the receiving end of a takeover offer—it is the target of an acquisition by AT&T. DIRECTV had grown its business steadily over the years and had increased its value per share significantly by making very large share repurchases. AT&T is offering roughly twice the price we paid for our first shares about three years ago. We have mixed feelings about giving up our holdings but it has been a good investment for us.

From Wallace Weitz (Trades, Portfolio)'s Q2 Shareholder Letter.

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