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Wallace Weitz Comments on Liberty Global

July 15, 2013 | About:
Dave Brickell

Liberty Global (LBTYK--$68)(LBTYK) Liberty Global’s chairman, John Malone, also needs no introduction. LGI has been an aggressive acquirer of European cable assets, having just closed a merger with Virgin Media (UK cable), taken a position in Dutch cable company Ziggo, and expressing interest in making another German acquisition. LGI’s subscription business generates huge amounts of cash flow and management is not shy about using borrowed money to acquire cable systems and buy back its own stock.

From Wallace Weitz’s second quarter 2013 letter to shareholders.


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