Liberty Global's stock dips despite faster Ziggo spin-off; key concerns around VMO2 valuation and corporate cash arise.

Liberty Global is accelerating its spin-off of the Ziggo Group, but its stock price fell below $10. The decline is linked to concerns about the absence of VMO2 in the company's valuation, which raises questions about the ownership of $6 per share in corporate cash. Management hinted that this cash might not belong to shareholders, contributing to investor uncertainty. Despite these issues, the author views the stock as a strong buy with a $20 target, believing the downside risk is limited unless multiple negative factors occur.