Wally Weitz Comments on Liberty Ventures
- By Holly LaFon
Liberty Ventures ( NASDAQ:LVNTA ) (+18%), one of the more complicated members of John Malone's Liberty family, is a top ten holding of the Fund and was the quarter's top contributor. During the quarter, Ventures announced an agreement to acquire General Communications (GCI), the largest cable provider in Alaska. The deal will also create a much more straightforward company, principally cable assets in Alaska and shares of publicly traded Charter Communications and Liberty Broadband. Investors immediately cheered this simplification, particularly the elimination of its tracking stock structure, and bid Ventures' shares higher. While a positive first step, we are further encouraged by the flexibility the new company will have to ultimately realize the value of its holdings in Charter and Liberty Broadband.
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The intrinsic value of LVNTA
From Wally Weitz's second-quarter Partners III Fund commentary.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 4 Warning Signs with LVNTA. Click here to check it out.
The intrinsic value of LVNTA
