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Baron Funds Comments on Liberty Media Corp.

December 07, 2012 | About:

Liberty Media Corp. (NASDAQ:LBTYA), a holding company for interests in media and communications companies, rose 18.4% in the quarter. Liberty moved to gain operational control of its primary holding, Sirius XM Radio. This pushed up that stock on the prospect that Liberty would pursue a shareholderfriendly agenda of significant share repurchases, much like it has done with its own capital structure. Liberty stock rose in sympathy to the rise in Sirius.

From Baron Funds third quarter letter.


Rating: 3.7/5 (3 votes)

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