Matrix Capital Management (A)
Malcolm P. Baker
Harvard Business School; National Bureau of Economic Research (NBER)
Harvard Business School
October 7, 2011
Harvard Business School Finance Case No. 211-017
Ben Balbale, a partner at hedge fund Matrix Capital, must decide whether to exit their investment in Rovi Corporation, a company with a diverse portfolio of patents used primarily for digital interactive guides. Rovi's shares are up over 50% from the time Balbale initiated a position in the middle of 2009.
Learning Objective: Students have an opportunity to consider Matrix Capital's investment philosophy, to evaluate the role of analyst estimates in investment strategies and market efficiency, and to model the valuation of a publicly traded company, Rovi, using discounted cash flow and multiples analysis.
working papers series
Date posted: February 4, 2012
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