Jonathon Jacobson Ira Sohn Conference [LIVE] – ValueWalk Premium
2016 IRA Sohn Conference

Jonathon Jacobson Ira Sohn Conference [LIVE]

Jonathon Jacobson Ira Sohn coverage brought to you by ValueWalk.

Jonathon Jacobson Ira Sohn Conference [LIVE]

Jonathon Jacobson is the Founder, Chief Investment Officer and Chief Executive Officer of Highfields Capital Management LP, an $11 billion Boston-based investment management firm established in July 1998. Prior to founding Highfields, Jonathon Jacobson spent eight years as a senior equity portfolio manager at Harvard Management Company, Inc., which is responsible for investing Harvard University’s endowment.

Jonathon Jacobson currently serves as a Director of Clear Channel Media Holdings, Inc. He is also a past member of the Asset Managers’ Committee of the President’s Working Group on Financial Markets, formed in 2007 to foster a dialogue with Federal Reserve Board and Department of the Treasury on issues of significance to the investment history.

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Jonathon Jacobson Ira Sohn Conference Live

5:10 PM EST: Jacobson is up next. He used to manage Harvard’s investments, and now he’s in charge of Highfields Capital Management LP.

5:15 PM EST: Jacobson is about to outline a short. It’s going to be difficult to follow Chanos.

5:15 PM EST: The last time Jacobson talked about a short it was Enron, this could be good.

5:17 PM EST: Jacobson is telling the Ira Sohn to beware AT&T Inc. (NYSE:T). All dividends are not created equal.

5:18 PM EST: Beware AT&T Inc. (NYSE:T). A big T flashes behind Jacobson.

5:19 PM EST: Jacobson also tells everyone to beware Linn Energy LLC (NYSE:LNN).

5:20 PM EST: Digital Realty Trust Inc. (NYSE:DLR) is a melting ice cube says Jacobson.

5:20 PM EST: Digital Realty Trust Inc. (NYSE:DLR) is a REIT with a market cap of over $10 billion. Shares have dropped almost 5% after market.

5:22 PM EST: Price Target $20 on Digital Realty Trust Inc. (NYSE:DLR). Stock closed at $69 today. Short interest on float is around 13%.

5:23 PM EST: Digital Realty Trust Inc. (NYSE:DLR) dividend not sustainable, no moat, capex keeps going higher. Stock down 7% now.

5:24 PM EST: Competition coming in from Google Inc (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT).

5:27 PM EST: Recurring capex looks like $413 million to Jacobson. Digital Realty Trust Inc. (NYSE:DLR) share recovered slightly, down 5.8% now.

5:29 PM EST: Bottom line from Jacobson Digital Realty Trust Inc. (NYSE:DLR) can’t pay dividends.





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