Liberty

Satellite has an advantage over cable as a video product, but not as a two-way broadband internet product. The relative importance to consumers of broadband vs. video is increasing. Even for video, satellite's advantage was bigger before cable started going all digital. How does digital video close the satellite's advantage? Can you please elaborate? For a while, satellite was all digital and carried tons of channels while cable was a mix of analog and digital channels, with the analog channels eating up a ton of bandwidth and restricting the total number of channels that could be carried. So it was a lower-quality offering that that couldn't carry as many channels. Now that cable is going all digital, it can carry more channels that are all HD, and the removal of analog channels frees up a lot of space to take up broadband speeds up, which makes the overall offering more compelling.

Your second link mentions Discovery and Liberty Global being part of the deal too. Or was that a separate bid? I believe that was a different bid.

Satellite has an advantage over cable as a video product, but not as a two-way broadband internet product. The relative importance to consumers of broadband vs. video is increasing. Even for video, satellite's advantage was bigger before cable started going all digital.

This isn't a VIC long thesis. The author just wanted to do a deep dive on it to better understand the pieces and market dynamics, not necessarily trying to convince anyone to buy afaik. But if you don't like it, I'm sure you can ask the author for a full refund.

Almost 300-slide presentation on LiLAC: http://valueseekerinvestments.blogspot.com/2016/09/lilac-lilabk-liberty-latam-287-slides.html Follow him on Twitter: @find_me_value

A quick look at the company's Q1 2017 (hate these weird fiscal years) release shows: http://ca.blackberry.com/content/dam/bbCompany/Desktop/Global/PDF/Investors/Documents/2017/Q1FY2017_Financial_Information.pdf

I've seen something about how if Apple pays the tax there, it'll be credited in the US, so Apple's US tax bill will go down. Not sure on the details of how that works, but if it's the case, it more or less means that US Taxpayers would be getting less from Apple.

It's not quite that simple, though, is it? Without a competitive tax rate, the company might not even be there in the first place. And once they are there, if it still brings many jobs and pays substantial tax, that can still be a net benefit over the alternative (which is probably that the business isn't there at all, or has a much smaller presence). The populace, as you say, is probably getting more than they're giving. I don't know what's right, but I think it's telling that Ireland isn't asking for that tax to be higher...

CHTR is being added to the SP500 to replace EMC (and KHC is going in the SP100): http://www.prnewswire.com/news-releases/kraft-heinz-set-to-join-sp-100-charter-communications-to-join-sp-500-300321081.html

One take: http://y0ungmoney.blogspot.com/2016/08/horsehead-holding-stock-is-worthless.html

All I can add is a Parsadism: Cheers! :)

Apple's response: http://www.apple.com/ie/customer-letter/

Fiscal Q3: http://globenewswire.com/newsroom/nitfitem/866697/en?f=22&fvtc=10&fvtv=4567

https://backchannel.com/an-exclusive-look-at-how-ai-and-machine-learning-work-at-apple-8dbfb131932b "Steven Levy: An exclusive inside look at how artificial intelligence and machine learning work at Apple"

http://seekingalpha.com/article/4001541-home-capital-group-time-re-charge-loan-loss-provisions

Traveled with friends during the weekend, so we had a few beers (irish stouts from a local brewrie) and I had a scotch (Balvenie 12).

Bid for Bond International in the UK: http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=hgg3zr0i&ArticleHeadline=Posting_of_Offer_Document

http://www.cnbc.com/2016/08/18/iex-exchange-finally-set-to-launch.html

Soros's fund took a decent-sizd position in LBRDK. Almost 9m shares. http://whalewisdom.com/filer/soros-fund-management-llc#/tabholdings_tab_link Update: Thanks to @FrancoOlivera on Twitter for reminding me that they got these shares from the deal with Liberty to finance part of the TWC acquisition.

John Oliver on subprime auto lending:

VRX redux.

Back to normal: http://www.wsj.com/articles/valeant-under-criminal-investigation-1470868752 "Federal prosecutors probe whether drugmaker defrauded insurers by shrouding ties to mail-order pharmacy"

Q2:

The filings for repurchases via options before the CWC close were done because of UK laws, afaik. They don't normally have to do things like that. I've been sick so I haven't had a chance to review the details, but I think they haven't updated the CWC synergy numbers yet with what they really think they can get above what they could include befor the deal closed under the UK takeover regulations. I think many were expecting a more complete picture at this point. But as I said, I haven't had much of a chance to look at things closely yet, so I'm not sure.

Q2: http://www.libertyglobal.com/pdf/press-release/LG-Earnings-Release-Q2-16-FINAL.pdf