Citrone’s Top 5 Stock Picks

2.  Grupo Televisa, S.A.B. (NYSE:TV)

Discovery Capital Management’s Equity Stake: $49.88M

Grupo Televisa, S.A.B. (NYSE:TV) is a communication services company that operates as a media company in Spanish-speaking Mexico. Grupo Televisa, S.A.B. (NYSE:TV) operates a multiple cable system that offers basic and premium television subscription pay-per-view installation, internet subscription, and mobile services.

Grupo Televisa, S.A.B. (NYSE:TV) remains one of Citrone’s investments in Latin America, as the company offers its services in Mexico. Grupo Televisa, S.A.B. (NYSE:TV) underperformed the overall market, going down by 26% in 2023.

Here is what Oakmark Funds said about Grupo Televisa, S.A.B. (NYSE:TV) in its first-quarter 2023 investor letter:

“With the exceptions of Credit Suisse and Grupo Televisa, S.A.B. (NYSE:TV), the remaining sales were simply a function of price and value converging favorably. David Herro discussed the sale of Credit Suisse in his letter. Grupo Televisa had perennially disappointed us fundamentally, and we determined there were better alternatives where we had more confidence in a good outcome.”

Follow Grupo Televisa Sa (NYSE:TV)

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