Liberty Media, Yes, one does wonder about this company. It owns a bunch of assets; Malone has a history of delivering results that improve his companies's stocks. There's no good analytical reason (balance sheet analysis or metric/ratio or sum-of-parts number) that I see to invest in this stock. I've followed Mr. Malone in some of his picks, and that has worked out satisfactorily for me, so I'm willing to bet a little more. Small bet for me. He keeps building up the company and doing financial things to unlock value, and maybe he'll continue to do so.
From W. Weitz report:
Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: Liberty SiriusXM Group, Liberty Braves Group and Liberty Media Group. Shares of Liberty Media jumped after the company announced an agreement to acquire Formula One, the iconic global motorsports business. Through this acquisition Liberty Media owns 100% of Formula One, transitioning Liberty Media from being predominately an investment vehicle to now an operating company. Upon completion of the transaction (expected in the first calendar quarter of 2017), the Liberty Media Group will be renamed the Formula One Group. Investors are excited about the highly-regarded executive and newly appointed Chairman, Chase Carey, and the potential to grow Formula One under Liberty's guidance-greater sponsorship prospects, the potential for new races and venues to grow awareness of the sport, and new opportunities to bring Formula One content to digital platforms.
...an explanation of what LMCA/LMCK is, but not enough reason to invest in the company |
