Value Investing WeWork I.P.O. Is Withdrawn as Investors Grow Wary |
- WeWork I.P.O. Is Withdrawn as Investors Grow Wary
- The Great Public Market Reckoning
- Telco adventurism into the application and content layer: does Moffett’s “Dumb Pipe Paradox” apply?
| WeWork I.P.O. Is Withdrawn as Investors Grow Wary Posted: 30 Sep 2019 10:51 AM PDT |
| The Great Public Market Reckoning Posted: 01 Oct 2019 01:59 AM PDT |
| Telco adventurism into the application and content layer: does Moffett’s “Dumb Pipe Paradox” apply? Posted: 30 Sep 2019 10:27 AM PDT It looks like despite its recent experience, Verizon has a renewed interest in content businesses, and is buying up some VR assets from Disney. There's a famous note by Bernstein analyst Craig Moffett called the "Dumb Pipe Paradox" that states that the best outcome for shareholders might be for cable companies to become disintermediated by internet-based media, and to give up trying to play the content game and just provide connectivity. Implications, in cable, at least: - Revenues fall significantly - Operating expenses fall even more - OCF falls modestly but OCF margins improve - CapEx falls dramatically - FCF grows - Capital employed also falls dramatically, yielding better ROI and ROE Does this logic extend to mobile carriers? [link] [comments]  |
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