This article talks about one of our favorite stocks in the media space. DirecTV (DTV) offers a compelling value at just over 10 times forward earnings. This company has a strong business with excellent growth in Latin America, and its strong capital allocation track record make is ideal for shareholders looking for a good long term value. The article touches on the benefits that cable companies have had in being able to offer broadband services to offset declines in other areas, but DirecTV does have some cost advantages on the video content. Higher programming costs of course hurt all market participants but at the current price I believe downside is very limited.
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