LBTYA 被低估；36亿美元的市值由24亿美元现金和超过20亿美元的投资覆盖，使得电信资产实际上免费。
逐段跳播
我们还将讨论Liberty Global，将其作为资产的投资，而不是作为公司的所有权。
We will also discuss Liberty Global as an investment in assets rather than as ownership of a company.
让我们继续以资产投资的例子，“Liberty Global”。它不是一家伟大的公司，它在电信行业运营，但其市值是36亿美元。只看各部分的总和。他们有24亿美元的现金。记住市值。
所以，12亿美元是剩余资产。他们有一个媒体和体育的投资组合。他们从中获利。因此，至少必须有20亿美元的价值。这意味着那里已经有弱点。然后他们有电信资产，调整后的息税折旧摊销前利润为80亿美元，这应该是有价值的。
我免费得到它。这就是价值投资。他们计算了一些评级。他们已经剥离了瑞士电信公司Sunrise。那是每股12。现在他们正在考虑分离“Ziggo”集团，在比荷卢地区，荷兰和比利时。那也可能高达每股10或15。
现在的股价是每股10，加上现金、投资和英国。那也是一家大型电信公司，合资企业“Virgin Media O2”。首先，考虑：我会亏损吗？我能获得10%或15%的收益，也许运气好一点还能更多？那是我的策略。
Let's continue with the example of playing assets, "Liberty Global". It's not a great company, it operates in the telecommunications sector, but its market value is $3.6 billion. Just look at the sum of the parts. They have $2.4 billion in cash. Remember the market value. So, $1.2 billion is for the remaining assets. They have a portfolio of investments in media and sports. They were making profits from it. Therefore, there must be a value of at least $2 billion. This means there is already weakness there. Then they have telecommunications assets with $8 billion in adjusted earnings before interest, taxes, depreciation and amortization that should be valuable. I get it for free. This is value investment . They calculated some ratings there. They have spun off the Swiss telecommunications company Sunrise . That was for 12 per share. Now they are looking to separate the "Ziggo" group, in the Benelux region, the Netherlands, and Belgium. That could also go as high as 10 or 15 per share. The share price is now 10 per share plus cash, investments, and the UK . That's also a large telecommunications company , the joint venture "Virgin Media O2". First, consider: Can I lose? Can I get 10 or 15%, and maybe more with a little luck? That's my strategy.
这个频道对 $LBTYA 的历次判断
Value Investing with Sven Carlin, Ph.D. 在这只股票上只有这一条判断。