Ted Barac
Hedge fund manager, long-term horizon, deep value

AMC Networks: Is This Really As Good As It Gets?

In July of 2012, I recommended that investors sell their AT&T shares and replace them with shares of Sprint. The trade worked out well -- with Sprint's shares much more than doubling while AT&T's share price declined slightly despite the tailwinds of a bull market (the S&P 500 advanced more than 30% over the period). I mention this trade to highlight another investment which I believe has some similar dynamics (albeit, not as extreme of an undervaluation as was the case with Sprint).

The rationale for buying Sprint (NYSE:S) and selling AT&T (NYSE:T) was based on the strong growth prospects for Sprint (both on an earnings and revenue perspective) and the fact that the two...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details