Call of Duty, developed by Activision Blizzard (NASDAQ: ATVI), has been one of the best-selling video game franchises of all time. Each and every release had shattered previous records. Call of Duty Black Ops 2, the latest installment in the series, so far has achieved more than a Billion dollars of revenue. So the question is, if Call of Duty has been so explosively successful why has Activision Blizzard's more »
Video game sales have been mired in decline for the past few years and with that the industry has suffered from poor investment returns. Despite excellent free cash flow leading to massive cash balances many of these companies are priced for death. While I think the market is vastly undervaluing several names in the space, I know that the market can keep depressing the values of companies until it changes more »
Seth Klarman, famed hedge fund manager of Baupost Group and author of the out-of-print Margin of Safety, recently disclosed its largest equity holding as Vivendi SA (NASDAQOTH: VIVHY.PK), with a stake worth an estimated $530 million at the time of purchase. Shares have been down, hence our interest in taking a look at why this company has Klarman so interested.
Vivendi is a global telecom and media conglomerate operating more »