Liberty Interactive (LINTA--$23)(LINTA, Financial) Liberty Interactive’s QVC continues to grow in the U.S., Europe and Japan. The company also owns 37% of HSN (Home Shopping Network). QVC and HSN employ both video and online retailing platforms that give them significant cost advantages over traditional (bricks and mortar) retailers. We trust management to both grow the business and buy back shares, thus increasing the value per share of our holdings.
From Wallace Weitz’s second quarter 2013 letter to shareholders.
From Wallace Weitz’s second quarter 2013 letter to shareholders.
