Disney's Goofy Twitter Play - A Rangeley Capital Portfolio Manager Discussion

| About: The Walt (DIS)

Summary

Sumner Redstone has been listening to our podcast.

Disney prepares a bid for Twitter.

It takes more than money to buy this Ferrari.

Click to enlarge

Rangeley Capital's portfolio managers Andrew Walker and Chris DeMuth Jr host a fifteen-minute podcast, which you can subscribe to on iTunes, Stitcher, or audioBoom. If you missed the previous episode, then please check out Pfizer Staying Together, Valeant Breaking Up (PFE, VRX). Thank you, Sumner Redstone, for tuning in to The Monster Is In The Truck! and then deciding to go with the Viacom (VIA/VIAB)-CBS (NYSE:CBS) deal.

In the current episode, we discuss Twitter (NYSE:TWTR). Its list of bidders gets longer and stranger by the day. Everyone wants it… but for very different reasons. As discussed in Disney Prepping Twitter Bid, a combination of Disney (NYSE:DIS) and Twitter could be one of the more interesting combinations. Finally, what does it take to buy a Ferrari (OTC:RACE)? Money, but that is not all… If you have any feedback for us, please email it to podcast@rangeleycapital.com.

Disclosure: I am/we are long VIAB, TWTR.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Chris DeMuth Jr and Andrew Walker are portfolio managers at Rangeley Capital. We invest with a margin of safety by buying securities at discounts to their intrinsic value and unlocking that value through corporate events. To maximize returns for our investors, we reserve the right to make investment decisions regarding any security without notification except where notification is required by law. We manage diversified portfolios with a multi-year time horizon. Positions disclosed in articles may vary in sizing, hedges, and place within the capital structure. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then the position might change (and probably will).