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| reply to MikeLo
Re: "wait and see"
said by MikeLo :
As long as they keep refinancing and have good credit, I wouldn't question it. I'd think Paul Allen would want to take the company private, take on the debt, and just write it off. Probably what's in the future for Charter. And how would Paul Allen be able to write all the debt off exactly? Last I saw creditors write credit off, not debtors.
That the debt keeps going up and is actually higher than the value of the company and all its' assets isn't really a good thing. They should be paying it down with any free cash flow not increasing it. Seem to be having to borrow just to keep going. |
