GCI Liberty Becomes Liberty Capital In Pursuit Of Shareholder Value
GCI Liberty, now Liberty Capital, spun off from Liberty Broadband to operate as an independent Alaskan telecom provider. Initial trading prices implied a valuation at the high side, with shares debuting in the $30–$35 range, but also significant liabilities on the balance sheet. Recent share price weakness brings Liberty Capital to post-listing lows, making the valuation more easily justifiable. Opportunities to buy at even lower trading prices may exist in the future, though.