CWC Update

Well, that was faster than I expected. Here's some quick math with 9.5x EV/EBITDA, minimal synergies, 50/50 split in equity / debt, 7% cost of blended debt, and assuming buyback occurring with shares appreciating 15% / year.

Not terribly juicy so it seems, but I am curious of Dr. Malone's timing and how he might fund it. The NOL could be worth something, and I wonder if LVNTA / LMCA is going to get involved in some shape of form. Toss in some sort of over-subscription right too!

These guys are known for their creativity, and I think the last thing Doctor wants to do is to pay taxes. Stay tuned for more updates, meanwhile I'm long $LILA in a half-sized position.