Liberty Latin America is a superbly managed company, with great cable assets and a not so great legacy phone company, trading at a massive discount.
The business was finally showing good growth, as the legacy phone company can no longer shrink enough to overcome growth in the cable business, when the pandemic struck.
Despite the pandemic, the company remains FCF positive, highlighting the strength of the business and the quality of management.
In addition to organic growth opportunities, management has been rolling up the region, creating value along the way.
Insiders have been buying large quantities of the stock, including senior management and every member of the Board.