https://www.goodreturns.co.nz/articl...-gain-run.html
Potential upside looks quite interesting, he says.
In 5 years time Sky would generate half it's market cap so there would be a decent buffer from any major downside risk of losing terminal value. They still would have the properties, branding, customers, and media infrastructure that a company like Comcast or Discovery could use. Even Disney made a play for Sky UK less than 5 years ago.
Would this guy question the "terminal value" of Comcast 5 years from now?
No one is saying Sky is a worth billions or is a heavyweight but you need to put this into perspective. Worrying about the terminal value 5 years can just as easily be flipped to say; what can Sky do in the next 5 years that would make a company like Comcast, Discovery, or Disney want to pay 5 times more for.
When Sky hits 1 billion market cap maybe you would start to think about terminal value.