Gabelli & Co. Upgrades Liberty Media (Capital) (LCAPA) to Buy
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Gabelli & Co. upgrades Liberty Media (Capital) (Nasdaq: LCAPA) from Hold to Buy.
Gabelli analyst says, "Upgrading to Buy from Hold as the risk/reward opportunity becomes too compelling to ignore with $2.7B of cash, an estimated after-tax NAV of $27/sh and a variety of options to surface value...we applaud LCAPA's investment in SIRI last month and believe taking full control could pave the way to the transition from a holding into an operating company and provide $6.8B of NOL's...LCAPA repurchased 26% of its float in 2008 and we expect a continued emphasis on share repurchases and/or debt retirements going forward... a series of transactions announced in Q109 should increase NAV, reduce risk and complexity, and increase financial flexibility."
To see more analyst ratings on LCAPA Click Here.
Liberty Media (Capital) Corporation is a holding company, which, through its subsidiaries is engaged in the video and on-line commerce, media, communications and entertainment industries.
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