Grupo Televisa: Mispricing Is Absurd

AndreyPopov/iStock via Getty Images Thesis Recap I covered Grupo Televisa (NYSE:TV) on March 2024, saying that it was an undervalued telecom and media company with unique assets, strong competitive advantages, and an adept management team. Since then, the stock is down some 40%, despite strong operating cash flows and modest revenue declines. I believe the massive sell-off is unwarranted and continue to believe the stock has gone from undervalued to even more undervalued. I reiterate my bull thesis, with a ...