David Herro Comments on Nordic Entertainment

Guru stock highlight

Jul 12, 2021

Summary

One of four new positions.

Nordic Entertainment (OSTO:NENT A, Financial) (Sweden) is the largest pan-Nordic provider of premium TV content, with leading positions in pay-tv channels, over-the-top (OTT) streaming, free-to-air channels and content production. We were previous shareholders of Nordic Entertainment, having exited the position only last quarter. With the share price down nearly 30% versus our exit price and no significant changes to our view of the company’s intrinsic value, the stock again had the necessary upside to add back to the portfolio.

From David Herro (Trades, Portfolio)'s Oakmark Intl Small Cap (Trades, Portfolio) Fund second-quarter 2021 letter.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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