Added to YB: 2025-06-05
Pitch date: 2025-04-15
LBRDA [bullish]
Liberty Broadband Corporation
-26.67%
current return
Author Info
No bio for this author
Company Info
Liberty Broadband Corporation engages in a range of communications businesses in the United States. The company offers subscription-based internet, mobile, and video and voice services; and residential and business services, including Spectrum Internet, mobile, TV, and voice products; Spectrum Business that offers Internet, mobile, video and voice services to small businesses, as well as tailored connectivity, communications and managed service solutions for mid-market and large businesses; and Spectrum Reach that provides local, regional and national businesses to advertise in individual and multiple service areas on cable television networks, and various streaming services and advertising platforms.
Market Cap
$7.9B
Pitch Price
$73.59
Price Target
N/A
Dividend
N/A
EV/EBITDA
-3.39
P/E
-3.38
EV/Sales
N/A
Sector
Media
Category
special_situation
Liberty Broadband Corporation - $LBRDA
LBRDA: CHTR acquisition w/ 10% 2yr IRR; get 0.236 CHTR shares ($82) + GCI spinoff ($7.50) by 6/30/27. GCI valued at 6x EBITDA. Low-risk, uncorrelated arb trade w/ short CHTR generating ~4% cash yield. Risks: Fed cuts hurting rebate, MTM volatility, deal break (unlikely). Spread likely to compress as close date nears.
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