Liberty Media Is Trading At A Meaningful Double-Digit Discount To Its NAV
- There are several structural and asset specific catalysts over the next 6-12 months that allow investors to win in multiple ways. I believe LMCA Is worth ~$60 per share.
- The upcoming spin-off Of Liberty Broadband will be the first major catalyst to bridge the NAV gap.
- Asset-Specific catalysts include aggressive share buybacks at SIRI and increased penetration at CHTR.