Vince Martin
Long/short equity, value, gambling

TiVo: Bad Business, Good Stock

It's often been written that a good business can still be a bad stock. It's very rarely argued that a bad business can be a good stock; but right now, that appears to be the case with TiVo (NASDAQ:TIVO), the maker of set-top boxes and software for digital content.

I've long been bearish on shares of TiVo, arguing that despite the company's large cash balance -- now sitting at $570 million, according to fiscal first quarter earnings released last Monday -- and its success in litigating its "time warp" patent -- which earned settlements totaling $1 billion from Dish Network (NASDAQ:DISH), AT&T (NYSE:T) and Verizon (NYSE:VZ) -- the company's actual...

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