United Continental Holdings Inc (UAL), Centurylink Inc (CTL), More: 8 Huge Ideas We Saw At The Sohn Conference

Keith Meister, Corvex Capital – Centurylink Inc (NYSE:CTL)

Meister is a fan of Centurylink Inc (NYSE:CTL) in the lead up to its acquisition of Level 3 Communications, Inc. (NYSE:LVLT), which will result in it becoming the second-largest telco in North America, citing the huge benefits that mergers have for telecom companies, including greater scale. Meister also loves the company’s lucrative dividend yield of 9.2% and sees as much as 70% upside potential in the stock, in addition to lots of downside protection. Corvex filed a 13D yesterday revealing a 5.5% stake in the company. Shares have gained 5.98% this week.

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