2024-02-04 16:00:00 ET
Summary
- Following its Q4/23 earnings release, Charter Communications and its major shareholder Liberty Broadband crashed 16%.
- Since I don’t believe fundamentals justify such a steep sell-off, the investment case for Liberty Broadband has become even more compelling.
- Liberty Broadband is virtually certain to outperform Charter over the long-term thanks to a 28% NAV discount and accretive buybacks.
Liberty Broadband is Charter at a 28% discount
Following the disastrous market reaction to the Q4/23 earnings release by Charter (CHTR), the investment case for its largest shareholder Liberty Broadband ( LBRDA ) ( LBRDK ) ( LBRDB ) has become even more compelling....
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Liberty Broadband: Dirt Cheap After The Charter Crash