2024-06-20 09:08:06 ET
Summary
- Liberty Broadband is a holding company with a 26% equity interest in Charter Communications and 100% of GCI, trading at a 33% discount to Net Book Value.
- LBRD provides exposure to Charter's growth, with the potential for outperformance through share buybacks at a discount to book value.
- The discount to book value could potentially contract with corporate action, offering a 50% upside if the ownership structure is realigned.
- No specific plans were presented yet.
Liberty Broadband ( LBRDK , LBRDA ) is a holding company owning a 26% equity interest in Charter Communications ( CHTR ) as well as 100% of GCI, Alaska’s largest communications provider. The stock trades at a 50% discount to the Net Book Value of the assets owned....
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Liberty Broadband: 50% Upside Potential In Case Of Restructure