Liberty Broadband and GCI, and those preferreds?

Investment Analysis Clubs Jim Royal
1

Anyone finding anything interesting in this? Evidently the spinoff of GCI is set for 7/15 and then the rest of LRBDA becomes Charter shares.

Charter seems to acquiring most of the debt, but Liberty Broadband has a L/T deferred tax liability that I don’t know the details about “where it’s going” either into GCI or with Charter?

And, will the preferreds re-rate once they are Charter’s preferreds?

2

Rob, I don’t see any reason the preferreds will do anything once they’re fully owed to Charter. They’re trading basically at par now. We’ll need some decline in rates to see this preferred and most others move back above par.

We’ll see what price GCI comes out at.

Jim