ALERT: DirecTV Pops After Close

<< DirecTV’s Valuation Thesis, May 1

<< DirecTV’s First Quarter Analysis, May 6

According to Reuters citing sources from Dow Jones, DirecTV (DTV) is working with advisers on a possible merger with AT&T (T). Shares have advanced to nearly $90 in after-hours trading, converging to our $99 per share fair value estimate. DirecTV is a holding in the Best Ideas portfolio, where we house all of our best ideas. DirecTV’s landing page >> 

More details to come!