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Virgin Media (VMED), which fell yesterday following Q3 results, drops 5.1% today after...

Virgin Media (VMED), which fell yesterday following Q3 results, drops 5.1% today after Goldman removes the telco from its Conviction Buy list, arguing its capex increases will limit 2012 free cash flow. However, Nomura is coming to the company's defense, claiming its valuation is low, and a massive stock buyback program will help support shares. (Q3 transcript)
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