DirecTV's current valuation at 6.5x EV/EBITDA and 10x forward P/E is too pessimistic considering the potential of a US Cable M&A/consolidation trend, DTV's core advantages, aggressive buybacks and continued growth in Latin America/US. There is also a valuation gap to US cable peers which I think ...
Analyst: Plenty of Upside Availble in DirecTV Thesis
Published: January 02, 2014