Gabriel Grego of Quintessential Capital Management presented his in-depth investment thesis on Discovery Communications (Nasdaq: DISCA) at Best Ideas 2018.
Discovery Communications is a broadcaster of unscripted content and part of the John Malone group of companies. Discovery is undervalued due to fears about the transition of content delivery from TV/cable to alternative channels such as online streaming. Fears may be overblown considering that content demand should not be particularly affected by the nature of distribution systems. Discovery has recently acquired Scripps, a similar and complementary business that should help reach critical mass and improve bargaining power when negotiating with advertisers. Discovery’s international business is growing at a faster rate and offers opportunities for cross-selling.
About the instructor:
Gabriele Grego has over 18 years of experience in finance and investment banking and is currently the managing partner and CIO of Quintessential Capital Management (QCM), a long/short equity fund based in New York. Prior to QCM, he worked at various asset management and investment banking firms in Europe and Israel. In 2001/2002 Gabriele served in an elite unit of the Paratroopers Division in the Israel Defense Forces. He holds a BA in Economics from Tufts University and the London School of Economics, an MBA from SDA Bocconi. He is currently enrolled at the Open University for a BS degree in Physics and Mathematics.
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