Letters by company
iHeartMedia, Inc.
6 letters discussing IHRT. Everything written about it on this site is on its ticker page.
- Palm Harbour Capital Q2 2023 Letter Palm Harbour Capital added Lottomatica and three special situations, sold MTU Aero Engines and iHeartMedia, and retained a portfolio of discounted cash-generative securities. It expects strategic actions at IGT and RHI Magnesita, and a higher offer for Treasure ASA, to help unlock value. second quarter of 2023 LOTMY $6.1B086280 $11B0NFS
- Palm Harbour Capital Q1 2023 Letter Palm Harbour Capital added a significant Telekom Austria position, sold Premia and tendered Grand Parade after its asset-sale and liquidation thesis played out. The fund argues that bank failures reinforce its avoidance of bank exposure, while Telekom Austria offers defensive cash generation, pricing power and tower spin-off optionality. first quarter of 2023 TKMAF $6.4B0NFS 0OIY $1.5B
- Palm Harbour Capital Q4 2022 Letter Palm Harbour Capital added LNA Santé, arguing that its nursing-home business has stronger regulation, lower operating leverage and a different property model than Orpea or Korian. The fund sold Ringmetall on peak-cycle earnings concerns and remains positioned for valuation-driven opportunities amid inflation and rate volatility. fourth quarter 2022 LNA $281M0NEX IBST $427M
- Palm Harbour Capital Letter 2022 Q2 | 260 KB Palm Harbour Capital trimmed crisis beneficiaries and added to businesses sold indiscriminately amid inflation and recession fears. It makes detailed cases for Verallia’s pricing power and energy hedges, and Motor Oil Hellas’s complex refinery economics, renewables expansion and capacity to benefit from a refining upcycle. second quarter 2022 0ABH 0NFS DTNOF $2.2B
- Palm Harbour Capital Letter 2021 Q4 | 311 KB Palm Harbour Capital argues that inflation, higher rates and fading retail speculation favour cash-generative value businesses with pricing power, commodity exposure and hard assets. It reviews OCI’s fertilizer and methanol assets, Great Eagle’s Hong Kong property and hotel holdings, and operating progress at International Game Technology, OVS, Avid Technologies and Ringmetall. fourth quarter 2021 GEAHF $1.3BOCINF $976M0R5R
- Palm Harbour Capital Letter 2021 Q2 | 236 KB Palm Harbour Capital sold portions of winners to fund laggards, exited three holdings and added three. It argues that undervalued, cash-generative businesses offer protection against inflation and deflation, and sets out investment cases for C Uyemura’s PCB chemicals niche and Ginebra San Miguel’s Philippine gin franchise. second quarter 2021 0NFS 4966 $1.9BBFSAF $1.5B
