Stock Spin-off Investing Podcast

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 

I recently had the opportunity to speak with Andrew Walker of Rangeley Capital and Yet Another Value Blog about his Corporate Dark Arts series and his write-up on Lionsgate Studios (LION).Here’s what we discussed:1:25 Andrew’s background and how he got interested in stocks9:40 Where Andrew sees himself professionally and personally in 10 years12:35 What are Corporate Dark Arts?19:30 Why did LION make it into your Corporate Dark Arts series?24:05 Lionsgate history and why this time might be different.26:45 Why identifying inflection points is so important in Corporate Dark Arts32:05 Is the expiration of the LION poison pill important?32:45  What would LION be worth in an acquisition scenario?40:25 How AI could help or hurt Lionsgate43:35 Why Starz also popped up on the Corporate Dark Arts Series52:15 Corporate Dark Arts Hall of Fame members