17. Ron Nussbaum of Maverick Value on Comcast (CMCSA)

I recently had the opportunity to speak with Ron Nussbaum ofMaverick Value about his high conviction investment thesis on Comcast (CMCSA). Comcast just announced it's breaking up and will spin-off NBC Universal within 12 months. Ron believes this spin-off will crystallize value. I really enjoyed the conversation and hope you do as well. Here's what we discussed:0:55 Ron's investment banking background3:35 How Ron manages the Maverick Value portfolio6:45 How Ron's approach has changed over time9:15 Ron discusses his max position size11:15 Ron shares his Comcast investment case14:50 Why did Comcast pursue a spin-off?21:55 What Comcast is worth on a SOTP23:15 Could Comcast RemainCo be a major dividend payer?29:15 Is the Spin-off a GoodCo or BadCo?33:15 How big of a position is Comcast for Maverick Value?33:50 What are the biggest risks to the Comcast investment case?35:15 Any risk the spin-off doesn't take place?37:15 How levered will Comcast RemainCo be?39:45 How to get in touch with Ron ([email protected])and learn more about Maverick Value