Liberty Global plc
LBTYA
position
long
Wally Weitz
Thesis
I like Liberty Global because they build out cable systems using a lot of leverage, generate huge amounts of free cash flow, and then buy back lots of stock. They get terrific margins and their business is almost like a subscription business.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The thesis highlights strong fundamentals like free cash flow and stock buybacks, but without knowing how the stock has performed or any developments in the company's operations, I cannot determine the outcome.
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