2024-03-09 07:18:51 ET
Summary
- Charter Communications' stock has fallen roughly 40% since October 2021, underperforming the S&P 500 by 56 points.
- The company reported a 1% increase in revenue in 2023 but saw higher growth in EBITDA and customer base expansion.
- Charter is facing challenges in internet growth due to increased competition, but is investing in strategies to boost growth and improve customer satisfaction.
Introduction
On October 17, I wrote an article titled "Pros Vs. Cons - Why I'm passing On Charter Communications."
Here's a part of the takeaway I used back then:
[...] challenges lie in the face of higher interest expenses and debt maturities post-2023, affecting its valuation and risk profile.
While analysts foresee modest growth, the risk of prolonged elevated interest rates warrants caution.
In this article, I'll revisit Charter Communications ( CHTR ), as it has fallen roughly 40% since my October article, lagging the S&P 500 by 56 points!...
Read the full article on Seeking Alpha
For further details see:
Charter Communications: Down 66% From Its All-Time High; I'm Still Staying Away