Alex Morris, Founder of TSOH Investment Research, returns to Yet Another Value Podcast for the third time to chat with Andrew about the Media and Cable sectors in 2023. The Media and Cable sectors move at a mile a minute and it was time to have Alex back on to sift through all the noise. This conversation covers everything from: how mobile carriers think about fixed wireless, Charter vs. Cable One & T-Mobile, does Disney have an IP problem, and much more.
For more information about Alex Morris and subscribe to his research service, TSOH Investment Research Service, please visit: https://thescienceofhitting.com/
You can Follow Alex Morris on Twitter @TSOH_Investing: https://twitter.com/TSOH_Investing

Chapters:
[0:00] Introduction + Daloopa
[2:22] Media and Cable space - high level thoughts on 2022/beginning of 2023
[4:30] Rewinding to better understand current media/cable infrastructure and how Alex thinks about fixed wireless
[8:57] How mobile carriers talking about fixed wireless
[12:08] Why Alex has Charter and Comcast in his portfolio?
[14:43] How does Alex think about Comcast being potentially being valued with conglomerate discount?
[19:05] Charter vs. Cable One and Charter vs. T-Mobile
[23:11] A bit more on T-Mobile
[27:54] Why Alex thinks you can achieve risk-adjusted alpha investing in Charter?
[31:53] Understanding Charter's CAPEX story
[33:45] Cable assets, Fiber assets + M&A
[37:09] Final thoughts on Cable/Fiber conversation
[40:06] What Alex is seeing in the Media business that is so attractive
[43:53] Does Disney have an IP problem?
[48:28] Taking a look at the state of Netflix - do they need a merger partner or to buy something?
[51:37] Making the case that Netflix is a risk-adjusted alpha generator
[54:32] Final thoughts

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