Viasat Inc News and Headlines -
The stock of Viasat (NAS:VSAT, 30-year Financials) is believed to be possible value trap, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line,
GuruFocus had the pleasure of hosting a presentation with Ben Claremon, the co-portfolio manager for the Classic Value | Small Cap Plus strategy at Cove Street Capital.
Claremon joined Cove Street in 2011 as a research analyst. Previously, he worked as an equity analyst on both the long and the short side for hedge funds Blue Ram Capital and Right Wall Capital in New York, and interned at West Coast Asset Management in Santa Barbara. Prior to that, he spent four years with a family commercial real estate finance and management business. Claremon was also the proprietor of the value
Klarman advocates a long-term outlook, but he doesn't always follow his own advice. Turnover at his hedge fund, the Boston-based Baupost, is not particularly low, not compared to the likes of other funds such as Norbert Lou's Punch Card Capital. The latter has only owned a handful of stocks in the past decade.
In comparison, according to public documents (Baupost's 13F), the hedge fund sold five positions in the third quarter
Boston-based hedge fund The Baupost Group, founded by Seth Klarman (Trades, Portfolio), has had a big position in Viasat Inc. (VSAT) since 2009. It has recently increased its ownership of this satellite internet provider further.
According to Gurufocus data, Baupost now owns 24.13% of the company's total outstanding shares. This is obviously a long-standing strategic position that the hedge fund places great imporance on.
Viasat builds and operates Geosynchronous Equatorial Orbit (GEO) satellites and ground station infrastructure to provide broadband internet for organizations and people
On Tuesday, Sept. 22, Microsoft Corp. (MSFT) unveiled its plan to offer a new service called Azure Orbital, which will connect the satellites of customers to its cloud computing network.
This kind of service, called "ground station as a service," aims to rent ground station capacity to satellite owners who do not have the resources to build their own ground station networks around the world. Even a single ground station is a costly venture, and in order for a satellite to provide top-quality data services to clients, the company needs access to quite a few of them around the globe.
The guru’s Boston-based hedge fund manages about $29 billion in assets as of June 30, 2019. It searches for value among a broad range of opportunities, including stocks, distressed debt, liquidations and foreign securities. With a long-term horizon, the renowned investor typically seeks securities trading well below his estimate of intrinsic value and waits for the price to rise. In March, Bloomberg reported that for the first time since 2011, Klarman was seeking more capital as
According to current portfolio statistics, the largest five holdings in Seth Klarman (Trades, Portfolio)’s equity portfolio as of the March quarter are eBay Inc. (EBAY), Liberty Global PLC (LBTYK), Fox Corp. (FOXA), Viasat Inc. (VSAT) and Alphabet Inc. (GOOGL)(GOOG).
A Harvard University MBA graduate, Klarman founded the Boston-based firm in 1983. As of March, Baupost manages approximately $30.2 billion in assets according to its latest ADV form.
The author of “Margin of Safety” invests in a wide range of securities, including stocks, distressed debt, liquidations, foreign equities and bonds.
Having complained about the lack of bargains in the overvalued market for years, Bloomberg reported on Thursday that the value investor told clients that Baupost Group has spent about $1.5 billion on assets in recent weeks amid the carnage caused by the coronavirus pandemic.
The guru’s renewed bullish outlook is still in stark contrast to his fund’s performance, however, having posted losses amid the broader selloff. Bloomberg reported that a person familiar with the matter said the
CNBC got hold of a letter by billionaire hedge fund manager Seth Klarman (Trades, Portfolio). His letter to investors is typically extremely hard to get, but this is the second year in a row that I’ve seen it surface while Davos was going on.
In the letter, Klarman apparently defended value investing and attacked passive investing, which he believes is creating distortions. He’s certainly not alone in that belief. Murray Stahl (Trades, Portfolio) and Steven Bregman of Horizon Kinetics have been arguing
Space exploration has returned in force to the popular imagination, thanks in large part to a rapidly expanding space economy. Rising investor enthusiasm has sparked financial institutions to offer methods of exposure to the space sector as a whole.
The latest investor-facing innovation: Procure Space ETF (UFO), an exchange-traded fund dedicated to companies touching the space economy.
An ETF for the new space age
Procure Space was designed to create diversified exposure to the many companies, large and small, that have a presence in space or that support companies embedded in the orbital industry. Based on
Baupost Group manager Seth Klarman (Trades, Portfolio)’s top five holdings as of the third quarter are Twenty-First Century Fox Inc. (FOXA)(FOX), Cheniere Energy Inc. (LNG), Allergan PLC (AGN), Viasat Inc. (VSAT) and PG&E Corp. (PCG), according to GuruFocus current portfolio data.
Managing approximately $31 billion in total assets, Klarman invests in a wide array of securities, ranging from the fairly traditional value stocks to more esoteric investments like distressed debt, liquidations, foreign investments and bonds. Despite this, the author of “Margin of Safety” occasionally sits on the sidelines and holds cash when investment opportunities are scarce.
Los Angeles-based value firm NWQ Investment Management relinquished 44.2% of its stake in Mitel Networks Corp. (MITL), in which it was the second-largest shareholder, as an investment group prepares to take the company private, it reported Thursday.
NWQ’s sale consisted of 4,778,951 shares, executed at a price around $11.16 on April 30. Starting the position in the second quarter of 2014 and accumulating shares as the price dropped secured the firm a gain estimated around 17%, based on quarterly average prices.
The stock is up 35% year to date because of the $2 billion offer from
Baupost Group's largest U.S. equity positions are Cheniere Energy (LNG), Synchrony Financial (SYF) and Viasat (VSAT). Seth Klarman (Trades, Portfolio) allocated 11.6%, 10.04% and 10.02% of his portfolio to just these three names. Cheniere is a liquefied natural gas exporter whose revenue is based on 20-year-long contracts with big oil companies. Synchrony Financial is a credit card processing company. Viasat is a sattelite company with subscribers like the government, the military and airlines. You could say these appear to be fairly defensive positions with locked-in revenue streams. His largest position, however, cash, makes up 42% of
Mason Hawkins (Trades, Portfolio) has been chairman and CEO of Southeastern Asset Management since 1975, and he and his partners manage the Longleaf Partners Funds. He manages a portfolio composed of 92 stocks with a total value of $9.839 billion. During the first quarter the guru bought shares in the following stocks:
The stake in Consol Energy Inc. (CNX) was raised by 12.47% with an impact of 0.95% on the portfolio.
The company operates through two divisions, oil and natural gas exploration and production (E&P) and Pennsylvania mining operations.
Seth Klarman (Trades, Portfolio) is one of the world’s most followed investors and is also one of the world’s most respected value investors. Whenever he makes an investment, you can be sure that hours of research have gone into the opportunity, and at the time of acquisition, the stock will be trading at a deep discount to its estimated intrinsic value as calculated by Klarman and his team at Baupost.
With this being the case when it became clear that Baupost had built a significant position in Cheniere (LNG) several years ago, it came as a surprise
Seth Klarman (Trades, Portfolio) is one of the world’s most respected value investors, and he is an investor I have done a substantial amount of work on in the past. Klarman’s style of investing is simple; he is on the lookout for companies trading at a deep discount to intrinsic value. This is not as simple as it seems however. Klarman’s particular style of value investing is not just limited to estimating how a particular company will grow over the next few years. Instead, Klarman is on the lookout for businesses trading at a deep discount to
The investor added to his stake in Allergan PLCÂ (AGN) by 71.46% with an impact of 3.96% on the portfolio.
The company is engaged in developing, manufacturing and distributing generic, brand name and biosimilar products. It recently announced it has entered into a definitive agreement to acquire ZELTIQ Aesthetics Inc. (ZLTQ) for $56.50 per share, or $2.475 billion.
GuruFocus gives the stock a profitability and growth rating of 5 out
As the Standard & Poor's 500 continues to trade around all-time highs, actual value stocks are few and far between. By looking to Klarman’s portfolio, I hoped to find some stocks that could be trading at attractive valuations and worth buying.
Klarman’s second-largest holding is communications companyÂ ViaSat Inc. (VSAT), and as I concluded in my article last week, a quick glance at the
Yesterday saw the release of the final round of 13F filings from some of the world’s most followed hedge fund investors, and there were a few surprises contained within figures.
Aside from the general shift away from tech stocks toward financials and Warren Buffett (Trades, Portfolio)’s decision to go all-in on airlines, some of the most exciting portfolio movements came from renowned value investor Seth Klarman (Trades, Portfolio), whose year-end letter has ignited plenty of buzz among the investment community over the past week.
Among the most interesting movements in Klarman’s
First quarter commentary:
Longleaf Partners Small-Cap Fund advanced a robust 4.60% in the first quarter, far exceeding the Russell 2000 Index’s -1.52% decline. For the one-year and longer periods, the Fund’s performance also surpassed the index. A number of our stocks had double-digit gains, including several of our most undervalued businesses coming out of 2015. Most of our companies generated solid operating results, and management activity helped drive higher appraisals. Not only were our absolute returns well beyond our goal of inflation plus 10%, but our relative results also benefitted from our lack of exposure to health care, which was