Wot News - Feb 18, 2010DirecTV Group Incorporated
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Todd Mitchell
at
Kaufman Bros.The satellite company forecast 2010 revenue percentage growth in the "mid to high" single digit range and said it expects to add fewer subscribers than it did last year when it got a bump from a marketing partnership with AT&T Inc
DirecTV added 119,000 net subscribers in the United States in the fourth quarter, less than the 301,000 it added in the period a year earlier
Kaufman Bros analyst Todd Mitchell had forecast that DirecTV would add 200,0000 subscribers The company also announced a new share buyback of $35 billion as its free cash flow grew 40 percent to $24 billion "The thesis for owning
DirecTV shares is they would decelerate sub growth, accelerate free cash flow growth leading to an equity shrink and that's what they've done," said Mitchell
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The satellite company forecast 2010 revenue percentage growth in the "mid to high" single digit range and said it expects to add fewer subscribers than it did last year when it got a bump from a marketing partnership with AT&T Inc <span class="company">DirecTV</span> added 119,000 net subscribers in the United States in the fourth quarter, less than the 301,000 it added in the period a year earlier<span class="sent"> Kaufman Bros analyst <span class="analyst">Todd Mitchell</span> had forecast that <span class="company">DirecTV</span> would add 200,0000 subscribers The company also announced a new share buyback of $35 billion as its free cash flow grew 40 percent to $24 billion</span> "The thesis for owning <span class="company">DirecTV</span> shares is they would decelerate sub growth, accelerate free cash flow growth leading to an equity shrink and that's what they've done," said Mitchell
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