First Eagle Investments Comments on Liberty Global

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Jul 25, 2016

Liberty Global (NASDAQ:LBTYA), which owns the dominant cable-TV network in Europe, declined along with other companies that have leverage in their capital structure. We have been comfortable with the level of leverage and we also believe the company has opportunities for long-term earnings, but we have concerns about short-term volatility in its generation of free cash flow.

From First Eagle Global Value Fund second quarter 2016 commentary.