Weitz Partners III Opportunity Fund on Liberty Broadband Corporation Class C
Thesis
The fund remains constructive on Liberty Broadband despite weakness in Charter Communications, its principal asset. Charter's growing wireless business is viewed as an important reason for optimism. The fund also expects lower investment spending and the impending combination with Cox to improve the outlook, although competitive pressure in broadband remains a concern.
“we remain constructive and believe Charter’s growing wireless business, forecasted reduction in investment spending, and impending combination with Cox provide reasons for optimism.”
Key risks
- Competition in Charter's core broadband market.