Motorola Solutions (NYSE:MSI) is a global leader in public safety communication infrastructure products and services as well as commercial radio systems. Motorola Solutions’ stock price increased as investors gained comfort that the Silver Lake investment would be beneficial to Motorola’s long-term strategy. Although the stock price has been appreciating, we still believe that Motorola remains a misunderstood business. Investors are focused on the prospect that Motorola’s core Public Safety radio business will be disrupted by Public Safety LTE technology. We, on the other hand, are confident that Public Safety LTE will be additive to MSI’s sales and earnings. In addition, we believe Motorola Solutions will continue to repurchase shares as long as the stock price remains at attractive levels.
From Wallace Weitz (Trades, Portfolio)'s 3Q 2015 commentary.
