Doesn't necessarily translate into minority shareholder upside.
UCOMA was poised for upside too but the takeunder took care of that.
Investing in LBTYA involves a degree of risk that may not be readily apparent.
No its not interest rate risk, or currency risk or operational risk.
It's "John Malone risk" which is the distinct possibility that he has or is "engineering" another financial transaction that will F#CK minority shareholders.
IMHO, Malone and his corporate minions are amoral and are all about lining their pockets and somewhere in their process of managing assets corporate malfeasance somehow transforms into a tired legal term that they don't bother with.
zmanj still around ! I agree we got screwed on UCOMA. I was out of this ride at $27 (LBTYA) and missed upside but the UCOMA ride from 2002 on was not bad. I just bought in again (small this time) because the numbers add up more than ever. Cash flow multiples offer very good value and there's some resilience to economic slowdown in this model. It certainly beats staying in cash and investment alternatives appear riskier now. Good luck.