Liberty Global spent an incredible $2.7 billion on share buybacks via a modified Dutch auction at $27 per share.
The company has seen the net payout yield soar to over 26% as the stock is down 15%.
The converged European communications company has limited growth and a complex business model to support owning the stock here.
When a stock loses over 15% after a major stock buyback, the related stock catches my attention. Such a stock is Liberty Global Plc (LBTYA) trading near multi-year lows. The company is a