10 Best Stocks to Buy According to Billionaire David Einhorn

7. Liberty Global Ltd. (NASDAQ:LBTYA)

Greenlight Capital’s Stake Value: $89.78 Million

Number of Hedge Fund Holders: 38

Liberty Global Ltd. (NASDAQ:LBTYA) is a communication services company that provides broadband internet, video, fixed-line telephony, and mobile communications services. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, and online storage solutions. It is one of the best-performing stocks in the Einhorn portfolio, going by the 34.45% year-to-date gain.

The impressive performance comes at the back of competitive pressure and a decline in consumer fixed and mobile revenue metrics. Nevertheless, Liberty Global Ltd. (NASDAQ:LBTYA) remains well-positioned to deliver solid financial results thanks to positive broadband net ads and mobile subscription growth.

The company is in the process of rebranding its Ventures segment to Liberty Growth, affirming its focus on investments in scalable tech and digital infrastructure. The ventures segment boasts a portfolio of about $3.5 billion and a strong cash balance sheet of $3.5 billion.

Liberty Global Ltd. (NASDAQ:LBTYA) has already completed the spinoff of Sunrise, consequently unlocking its value. Following the spinoff, the company’s share price has risen by 20%, adding to the 60% over the past year. The company’s long-term prospects hinge on its stakes in Virgin Media O2, Telenet, VodafoneZiggo, and a $3 billion Ventures investment portfolio. Even though the UK’s communication services company faces competitive pressures, it is also staring at growth opportunities through its broadband footprint and wholesale activities.