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DTV
DIRECTV - NASDAQ

7/10/2014, 4:08 AM ET
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  • U-verse Is The Regulatory Key To The Proposed AT&T/DirecTV Merger
    Armand Musey Fri, Jun. 20 9 Comments

    Summary

    • For the AT&T/DIRECTV merger to succeed, it likely will need to offer significant evidence that it will not slow its investment in new broadband deployment, particularly U-verse.
    • AT&T is emphasizing its potential savings on programming savings.
    • But regulators’ eyes are going to be on the potential CapX savings that could slow the country’s broadband deployment.
  • Should Investors Worry About The AT&T-DirecTV Deal?
    Quick Pen Sun, Jun. 15 5 Comments

    Summary

    • AT&T has made a $48.5 billion acquisition proposal to DirecTV.
    • The move will help AT&T strengthen its bundled services and compete with Comcast.
    • The proposed deal needs to receive a go-head signal from the FCC and the Department of Justice. The regulators are skeptical about big deals as they threat competition.
  • Playing The DirecTV Acquisition
    Sophocles Sophocleous Fri, Jun. 6 5 Comments

    Summary

    • 3 risks to the AT&T/DirecTV deal are: 1) acquisition is blocked, 2) NFL deal falls through, 3) AT&T stock drops.
    • Environment appears to favor the deal. AT&T's stable stock price is a positive.
    • Assuming deal goes through then an investor could make money going long the stock alone or with some puts on AT&T for protection.
  • What I Am Doing With My AT&T/DirecTV Shares
    Alexander J. Poulos Tue, May. 27 38 Comments

    Summary

    • The combined entity will increase AT&T cash flow which should lead to a higher dividend.
    • The "New AT&T" would become my largest holding which I am not comfortable with.
    • I am looking to replace DIRECTV with another company that generates a large amount of free cash flow.
  • Why You Should Buy DirecTV
    Investing Insight Tue, May. 27 7 Comments

    Summary

    • DirecTV’s stock has been increasing since news relating to an acquisition by AT&T started flowing in around the end of April 2014.
    • AT&T confirmed on May 18th, 2014 that it has reached an agreement with DirecTV to buy DirecTV for $95 per share and also assume DirecTV’s $18.6 billion net debt.
    • The acquisition deal presents upside for DirecTV shareholders but offers a mix of negatives and positives for AT&T.
  • AT&T-DirecTV Deal Could Provide Financial, Strategic Benefits If Approved
    Trefis Wed, May. 21 2 Comments

    Summary

    • The deal will provide AT&T an opportunity to rapidly expand TV services along with its wireless and broadband services.
    • In addition to the strategic benefits, AT&T was likely drawn to DirecTV's significant cash flows.
    • The deal also is expected to help AT&T enter into lucrative markets in Latin America, where DirecTV is the leading pay-TV provider with over 18 million subscribers.
  • AT&T's Tie-Up With DirecTV Is All About Scale
    Roger S. Conrad Wed, May. 21 6 Comments

    Summary

    • Incremental cash flow from acquisition of DTV gives T more financial firepower in an industry where network investment has differentiated winners from losers.
    • Increased scale gives combined company more leverage in negotiations with content providers.
    • Deal approval faces fewer regulatory hurdles than expected with consolidation within U.S. wireless space.
    • AT&T is a good buy on pullbacks for conservative investors seeking a steady income stream.
  • AT&T's DirectTV Acquisition: The Cons Outweigh The Pros
    Terracotta Capital Tue, May. 20 19 Comments

    Summary

    • AT&T has agreed to acquire DTV in a deal worth $67b, including DTV's debt.
    • Expect immediate earnings and FCF contribution, enhanced broadband speed and cross-selling opportunities.
    • DISH would have been a better alternative target given its spectrum assets.
  • AT&T Buys Direct TV - Buyer Beware
    David Nelson, CFA Mon, May. 19 22 Comments

    Summary

    • Satellite Ranks near the bottom in Download and Upload Speeds.
    • TV viewing habits are changing as video consumption moves online.
    • How will Direct TV (DTV) deal with changing customer behavior?.
  • AT&T's Rumored Acquisition Of DirecTV May Boost Its Valuation To $55
    Alex Cho Sun, May. 18 54 Comments

    Summary

    • AT&T's acquisition of DirecTV offers significant accretion to shareholders.
    • AT&T may be able to gain mobile market share by bundling its mobile service With TV and internet.
    • AT&T's rumored M&A has significant strategic value. I estimate AT&T can increase postpaid subscribers by 37.78 million.
    • I estimate that net income can grow by 30%, which could drive the share price up to $55.
  • AT&T Is Paying Too Much For DirecTV
    Seeking Profits Wed, May. 14 13 Comments

    Summary

    • AT&T may announce a deal for DirecTV in the next two weeks.
    • At $95-$100, AT&T is paying too much, as DirecTV would be trading 20x free cash flow, not including the assumption of $16 billion in DirecTV's debt.
    • Latin America and Sunday Ticket will also pressure DirecTV's earnings growth.
    • Using stock to fund the deal will be dilutive, and AT&T shareholders should rotate into Verizon on this news.
  • AT&T Should Not Buy DirecTV
    Seeking Profits Thu, May. 8 84 Comments

    Summary

    • Rumors are circulating that AT&T is talking with DirecTV about an acquisition, and a deal would be a mistake for AT&T.
    • This deal would not help its wireless unit as DirecTV does not have spectrum, which is why Dish would make more sense as a target.
    • It has also successfully built U-verse, making DirecTV unnecessary, especially as AT&T would essentially be competing with itself in some markets.
    • An acquisition would be costly, and while AT&T could afford it, it should not acquire DirecTV.
  • DirecTV Continues To Add Pay-TV Subscribers In The U.S. And Latin America
    Trefis Thu, May. 8

    Summary

    • DirecTV posted good numbers for the first quarter, including 6% growth in revenues.
    • The macroeconomic situation in Latin America will impact the company's performance in the near term. However, U.S. operations will remain stable.
    • The company added 361,000 video subscribers in Latin America while it added 12,000 in the U.S.
  • DirecTV: A Value Stock And Potential Media Consolidation Target?

    Summary

    • Shares of DirecTV remain up, at $77.98, kicked off by a rise of 6% on March 26 from $73.17- following news of a potential merger with DISH Network.
    • The timing of this news is of particular interest as it follows the announcement of Comcast's pending deal for Time Warner Cable.
    • According to Thomson Reuters StarMine models, DirecTV is a value stock backed by earnings quality that is likely to be attractive to institutional investors.
  • Value Of A Possible DirecTV And Dish Network Merger
    David Zanoni Mon, Mar. 31 2 Comments

    Summary

    • There have been reports that Dish Network has approached DirecTV about a possible merger.
    • Consolidation seems to be in vogue in the cable TV industry as Comcast attempts to acquire Time-Warner.
    • If a merger were to occur between Dish Network and DirecTV, it would likely be valuable for both companies from an investor standpoint.
  • DirecTV Outshines Competitors In U.S. Pay-TV Industry To Earn Bullish Rating
    Equity Watch Tue, Mar. 25 2 Comments

    Summary

    • Improving ARPU and EBITDA margins set company apart from peers.
    • DTV’s share buybacks set to portend well for stock price.
    • U.S. operations also key to bright future; operations showing robust growth and have generated solid cash flows.
DTV vs. ETF Alternatives
Company Description

DirecTV is a provider of digital television entertainment in the United States and Latin America. It operates two direct-to-home, or DTH, business units: DIRECTV U.S. and DIRECTV Latin America.

Sector: Services
Industry: CATV Systems
Country: United States