Value Investing Congress: T2 Likes Grupo Prisa/Liberty Acquisition (LIA)

Glen Tongue of T2 Partners LLC is speaking at the Value Investing Congress, and is saying that he likes Liberty Acquisition Holdings

, as it is combining with Grupo Prisa, which is an emerging market paid TV service. He ultimately believes the share price of LIA will go to $16 and change per share, implying a 60% return on the current share price.