Wunderlich Securities is not a big fan of one of Seth Klarman’s biggest winning stock trades: ViaSat, Inc. (NASDAQ:VSAT). The brokerage firm lowered it’s rating to sell and issued a rating on the stock and issued a rather negative report today. Core business model questioned The Wunderlich report notes that recently reported earnings were below expectations but also challenged the company’s core business model. “We regard ViaSat as a leader in tackling complex digital communications challenges,” the report said. “However, the dynamics of consumer broadband increasingly appear to have shifted from the original mission of ViaSat-1, which was high-speed connectivity….
Wunderlich Doesn't Like Baupost's ViaSat Stock Pick
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.