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Join Ads Marketplace to earn through podcast sponsorships.
Manage your ads with dynamic ad insertion capability.
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Earn rewards and recurring income from Fan Club membership.
Get the answers and support you need.
Resources and guides to launch, grow, and monetize podcast.
Stay updated with the latest podcasting tips and trends.
Check out our newest and recently released features!
Podcast interviews, best practices, and helpful tips.
The step-by-step guide to start your own podcast.
Create the best live podcast and engage your audience.
Tips on making the decision to monetize your podcast.
The best ways to get more eyes and ears on your podcast.
Everything you need to know about podcast advertising.
The ultimate guide to recording a podcast on your phone.
Steps to set up and use group recording in the Podbean app.
Eugene Robin and Ben Claremon from Cove Street Capital discuss the battleground stock Viasat (VSAT). They discuss the biggest misperception among bears, why they think VSAT's government business is a hidden gem, and how the risk from Elon Musk's SpaceX (and other burgeoning competitors) is overblown.
Some relevant links:
Cove Street's March 2020 Viasat deck: http://covestreetcapital.com/eugene-robin-discusses-viasat-on-the-valuewalk-podcast/
Kerrisdale's short report: https://www.kerrisdalecap.com/investments/viasat-inc-vsat/
Cove Street's Kerrisdale rebuttal: http://covestreetcapital.com/wp-content/uploads/2017/06/Satellite-Potshots-ViaSat.pdf
Chapters
0:00 Intro
2:50 Viasat overview
8:15 Residential Broadband: the biggest VSAT misperception
15:45 Is Cove Street too close to VSAT?
25:00 Could a big increase in capacity create issues?
31:00 VSAT's all-in cost advantage and the SpaceX risk
36:45 VSAT's hidden jewel: the Government business
43:50 "Stock price bro" and capital allocation bear case
52:50 Why GEO can compete with LEO
1:06:00 Ben's quick run through of lingering points
1:17:00 Quantifying a reasonable bull case
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