Charter has a market cap of around 83 billion to day in an enterprise value of a hundred 76 billion. Charter's point of view is that if we can borrow at four or five % and use that to buy in our own stock that has a free cash flow yield, depending on when it was in place, of o ten or 12%. That's pretty acretive. I think you know, if you look at the tenure of the maturities that are coming so of that debt, i think the weighted average life is like 14 years.
IN THIS EPISODE, YOU’LL LEARN:
01:55 - What makes Weitz’s equity and fixed income funds different from others.
04:20 - Weitz’s overall investment process and how it has evolved over time.
04:20 - What their “quality at a discount” (QAD) investing framework is.
11:45 - What 6 factors they look for to assess the quality of a company.
14:16 - What discount rate they use when projecting out cash flows.
24:01 - Their thoughts on Google, Facebook and Amazon stocks.
26:44 - Their investment thesis for Liberty Broadband.
31:30 - What drives large discrepancies between a companies’ enterprise value and market cap, and what should investors be more focused on.
37:52 - Why Accenture stock has been one of their core holdings for 10+ years.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
EPISODE RESOURCES
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