Grupo Televisa: Excellent Efficiency Improvements Improve Cash Flow

Core Viewpoint - Grupo Televisa's stock is considered significantly undervalued, with increasing cash flow and a 45% stake in TelevisaUnivision valued at approximately $3-4 per share [1] Group 1: Company Analysis - The company is recognized for its growing cash flow, which supports the thesis of its undervaluation [1] - The 45% stake in TelevisaUnivision is a critical asset, contributing to the overall valuation of Grupo Televisa [1] Group 2: Investment Philosophy - The investment approach focuses on identifying bargains in emerging markets, emphasizing a long-term ownership mindset [1] - The investor's strategy involves seeking low-risk, high-uncertainty opportunities, influenced by notable economic thinkers [1]