Merger PotentialA merger of CHTR and LBRDK is considered inevitable, giving investors a dramatic potential additional return over owning CHTR outright due to the widened NAV spread.
Share RepurchasesLiberty Broadband could choose to increase share repurchases of its own shares.
ValuationLiberty Broadband allows investors to effectively buy CHTR shares at an even more attractive ~0.7X EBITDA multiple discount at an implied 6X EBITDA, which is one of the least expensive cable/telco U.S. valuations.