Cove Street Capital on Viasat $VSAT - Yet Another Value P...

What this episode covers

Eugene Robin and Ben Claremon from Cove Street Capital discuss the battleground stock Viasat (VSAT). They discuss the biggest misperception among bears, why they think VSAT's government business is a hidden gem, and how the risk from Elon Musk's SpaceX (and other burgeoning competitors) is overblown.Some relevant links:Cove Street's March 2020 Viasat deck: http://covestreetcapital.com/eugene-robin-discusses-viasat-on-the-valuewalk-podcast/Kerrisdale's short report: https://www.kerrisdalecap.com/investments/viasat-inc-vsat/Cove Street's Kerrisdale rebuttal: http://covestreetcapital.com/wp-content/uploads/2017/06/Satellite-Potshots-ViaSat.pdf Chapters0:00 Intro2:50 Viasat overview8:15 Residential Broadband: the biggest VSAT misperception15:45 Is Cove Street too close to VSAT?25:00 Could a big increase in capacity create issues?31:00 VSAT's all-in cost advantage and the SpaceX risk36:45 VSAT's hidden jewel: the Government business43:50 "Stock price bro" and capital allocation bear case52:50 Why GEO can compete with LEO1:06:00 Ben's quick run through of lingering points1:17:00 Quantifying a reasonable bull case

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How long is this episode of Yet Another Value Podcast?

This episode is 1 hour and 25 minutes long.

When was this Yet Another Value Podcast episode published?

This episode was published on March 23, 2021.

What is this episode about?

Eugene Robin and Ben Claremon from Cove Street Capital discuss the battleground stock Viasat (VSAT). They discuss the biggest misperception among bears, why they think VSAT's government business is a hidden gem, and how the risk from Elon Musk's...

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