According to Brazilian outlet Aposta Legal, BetMGM Brasil, $MGM MGM’s joint venture in Brazil, has experienced significant growth in monthly views since its launch in March 2025. This surge is attributed to strategic access to network TV advertising through its local partner,

Could Echostar $SATS become a liquidation play similar to Array Digital (formerly US Cellular) $USM $AD? The company has sold its spectrum assets to AT&T for $23 bi. At USM multiples, its 7M wireless subs could be worth $7 bi. How much could the stub pay-TV business be worth? At

Part 2 on EchoStar $SATS: Sold 600 MHz & 3.45 GHz spectrum (book value ~$18B incl. capitalized interest) to AT&T $T for $23B! Still holds ~$20B in spectrum assets, with interest from Starlink & T-Mobile. Current mcap: $16.5B. Undervalued gem?

Merger talks between satellite TV broadcasters Dish Network and DirecTV could be renewed in the wake of AT&T's $T agreement to buy wireless spectrum licenses from EchoStar $SATS in a $23 billion deal. investors.com/news/technolog…

An interesting article reveals a stronger-than-expected correlation between Las Vegas’s declining visitor numbers and operational challenges at Spirit Airlines, the second-largest carrier serving the city. $MGM $WYNN $LVS 8newsnow.com/news/local-new…

Data from LAS airport reveals Spirit Airlines accounts for ~80% of the visitor decline in Las Vegas for July and ~70% year-to-date. This suggests the drop in visitors may be more cyclical than structural. The situation could worsen if Spirit, the second-largest and primary budget

$MGM mgmt hightlighting the JV in Brazil at an investor conference yesterday. egr.global/intel/news/bet…

Echostar has sold another portion of its spectrum to SpaceX for $8.5 Bi cash plus another $8.5 bi in stock. $SATS has also announced the cancellation of its satellite project with MDA Space Ltd $MDA.CN. Echostar still has about $10 bi in spectrum to monetize.

Revisiting Bolloré $BOL.PA $BOL.FP after 1H25 results: Net cash at EUR5.5 bi is now higher than the market cap adjusted for the “control loop” at EUR5.3 bi. The adjusted NAV discount is now at 69%.

Also updating my SOTP valuation for Exor $EXO.AS $EXO.NA after the 1H25. At almost 54%, the discount looks extremely attractive. Note at Exor has agreed to sell Iveco in two separate transactions to Leonardo and Tata Group, so pro-forma cash would be close to EUR3 bi.

Verizon $V in talks to buy EchoStar $SATS wireless spectrum. finance.yahoo.com/news/verizon-t…

Interesting situation: Aumovio $AMV0.GR a recent spinoff of $CON.GR. A lot of technical selling, given the newco is not on the DAX. The Schaeffler family now controls the company directly and could choose to sell to a new corporate owner to help it shore up debt at the IHO-V,

It seems the approval process for Echostar’s $SATS sale of spectrum to SpaceX will be faster than initially anticipated. And if cash is on-hand, Echostar could choose to settle its $1.9 bi convertible debt in cash rather than shares, which would be equivalent to a large buyback

Ferrari $RACE CMD 2025: company 2030 targets imply numbers that the market expects for 2028. Top line growth around 5% should significantly disappoint the market.

Simple math: $RACE 2025-2030 EPS guidance implies 5.5% CAGR in the period. Even after today’s decline, stock trades at 41x 25 EPS and 31x 30 EPS. The implied return of buying the stock, getting a 90% payout on EPS (the company only assumes 40%) and exiting at 25x EPS in 2030 is

Sanken Electric $6707.JT (Japanese manufacturer of automotive chips) holds a 32.8% stake in Allegro MicroSystems $ALGM worth $1.73 bi at current prices. Sanken has a MCap of $912 M, other assets worth $600 M and a net debt of $150 M after buying back 16% of its outstanding shares

MGM International $MGM has just sold its Northfield Park racetrack/casino for $546 M, 6.6x 12-month EBITDA for the property. The company recently pulled its application for a large casino project in NY. Valuation-wise, if you subtract the market value of its MGM China stake and

Interesting event-driven idea: UK-based activist investor Palliser has disclosed a position in LG Chem Ltd $051910.KS, and is pressuring the co into adopting measures to address its significant NAV discount, which the investment-firm places at 74%. LG Chem owns 79% of LG Energy