In early July, I called Altice the “best” large cap stock. Since then, the stock has done one thing: go straight down. Today, the stock is gapping down again as the company guided to losing subs in Q3
Great write-up! Agree on everything. The free-fall today was definitely amazing and sharp. We'll see how it goes over the next few days. Added today and will continue to add, hopefully at around $21. That's a 3-5 bagger in 3-4 years. I definitely hated the comment from Goei about them "re-evaluating" the buyback program! WTF! At least finish up the current plan! It's incredible to read that commentary by BTIG in 2018. The guy that wrote is certainly limited (to say the least). Thanks for the great summary!
I was not following CHTR in 2017/18 but did CHTR have declining customer penetration for 36 months like ATUS? Also was there fear that Malone or Rutledge would take-under CHTR? TIA.
Good write-up focused on the long term. What about the take-under risk? That would seemingly affect the long-term returns public stockholders can receive in Altice. Goei made a comment about relevering the balance sheet if they're not getting rewarded for their medium-term investments. He mentioned 3 quarters as a timeline for making that decision. Thanks.
Thanks for the update Andrew! I know the valuation between Charter and Altice is huge but how do you think of the risk (if any) of Charter and any possible multiple contraction?
Great write-up! Agree on everything. The free-fall today was definitely amazing and sharp. We'll see how it goes over the next few days. Added today and will continue to add, hopefully at around $21. That's a 3-5 bagger in 3-4 years. I definitely hated the comment from Goei about them "re-evaluating" the buyback program! WTF! At least finish up the current plan! It's incredible to read that commentary by BTIG in 2018. The guy that wrote is certainly limited (to say the least). Thanks for the great summary!
I was not following CHTR in 2017/18 but did CHTR have declining customer penetration for 36 months like ATUS? Also was there fear that Malone or Rutledge would take-under CHTR? TIA.
Great update! Thanks Andrew, l love the set-up!
great breakdown as usual- do you have an example of an article someone published on $CHTR back in @017-18 pre monster move?
How do you view debt and Hart Scott Rodino in terms of takeover? Quite a debt arb exists if a well-capitalized player can buy.
Good write-up focused on the long term. What about the take-under risk? That would seemingly affect the long-term returns public stockholders can receive in Altice. Goei made a comment about relevering the balance sheet if they're not getting rewarded for their medium-term investments. He mentioned 3 quarters as a timeline for making that decision. Thanks.
What's the correlation with Altice and "FTTH"? Will they be able to utilize the preexisting infrastructure?
Thanks for the update Andrew! I know the valuation between Charter and Altice is huge but how do you think of the risk (if any) of Charter and any possible multiple contraction?