Steve Tananbaum, Investment Manager, Likes Liberty Global (LBTYA)
Steve Tananbaum, GoldenTree Asset Mgm, just told the audience at the Value Investing Congress he likes Liberty Global (Nasdaq: LBTYA). Below are some of his notes on Liberty Global.
LBTYA at 36.50 equates to 7.0x 2008E EBITDA
Business growing EBITDA>15% annually
Stock at discount to underlying NAV; growing NAV 30% annually
8x 2008E EBITDA with buybacks = $50 (+37%)
Cash flow growing at 15%
Liberty Global, Inc. (LGI) is an international broadband communications provider of video, voice and Internet access services.
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