2024-02-04 04:13:59 ET
Summary
- Following its Q4/23 earnings release, Charter crashed 16%.
- Most media quickly put the blame on a net subscriber loss in the broadband space.
- I believe the main reasons for the sell-off were only loosely related to the earnings materials.
Charter Q4/23 earnings review
Charter Communications ( CHTR ) released its Q4/23 earnings materials on Friday and the market reaction was abysmal: From pre-market trading until the close, the stock sold off heavily and finally lost over 16% of its value....
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Charter: The Real Reason For The Sell-Off