Liberty Global: I Found The Bear Case, And I'm Still Buying
The article notes that Liberty Global is advancing faster than expected with the Ziggo Group spin-off, though the stock has fallen to a single-digit level. The author attributed the decline not to Starlink (ruled out by satellite capacity analysis) but to the apparent absence of VMO2 from management's own valuation slide — described as the bear case hiding in plain sight.
Why it matters — LBTYK watchers would care because the omission of VMO2 from management's valuation material offers a direct clue to the factors behind the recent weakness in the stock.