The Sohn Conference in Tel Aviv just took place and at it Stephen Levey and Jonathan Half's ION Asset Management laid out their case for shorting Altice.
We thought it'd be relevant to highlight given that numerous hedge funds had been involved on the long side in either Numericable/Altice or both over the past year in varying capacities.
The crux of ION's thesis is that Altice has overpaid for assets and its margin targets are skeptical. Patrick Drahi's company recently announced the acquisition of Cablevision (CVC) in the US.
Embedded below is ION's short Altice presentation from the Tel Aviv Sohn Conference:
For more on hedge fund short positions, we've posted up recent short selling activity by hedge funds as well as a recent interview with Jim Chanos.
Thursday, October 15, 2015
ION's Short Altice Presentation From Sohn Conference Tel Aviv
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