Wunderlich Doesn't Like Baupost's ViaSat Stock Pick

Wunderlich Securities is not a big fan of one of Seth Klarman’s biggest winning stock trades: ViaSat, Inc. (NASDAQ:VSAT). The brokerage firm lowered it’s rating to sell and issued a rating on the stock and issued a rather negative report today.

Core business model questioned

The Wunderlich report notes that recently reported earnings were below expectations but also challenged the company’s core business model.  “We regard ViaSat as a leader in tackling complex digital communications challenges,” the report said. “However, the dynamics of consumer broadband increasingly appear to have shifted from the original mission of ViaSat-1, which was high-speed...