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Tags: Fund | Weitz | Liberty Media | Shares

Fund Manager Weitz Recommends Liberty Media Shares

Thursday, 06 November 2014 08:32 PM EST

Mutual fund manager Wally Weitz said he likes Liberty Media Corp., one of his top 10 holdings of U.S.-listed stocks.

“All Liberty companies follow the same game plan: generate cash flow, buy back shares and sell in a tax efficient manner” Weitz, founder of $5.8 billion Weitz Investment Management Inc., said at the Invest for Kids Conference in Chicago Thursday.

Weitz, whose firm is based in Omaha, Nebraska, has always looked for companies whose stocks are cheap compared with the cash flow he expects them to generate, a common metric for so- called value investors.

He said Liberty Media could rise to $60 a share, without specifying a timetable. The Class A shares closed Thursday at $36.24 in New York trading, down 6.2 percent this year.

© Copyright 2024 Bloomberg News. All rights reserved.


InvestingAnalysis
Mutual fund manager Wally Weitz said he likes Liberty Media Corp., one of his top 10 holdings of U.S.-listed stocks.
Fund, Weitz, Liberty Media, Shares
126
2014-32-06
Thursday, 06 November 2014 08:32 PM
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