Qixotl
join:2002-02-08
New Milford, CT
| As expected
Charter has been living on NASDAQ's severance lately. Their stock has been below the $1.00 minimum threshold for three months now and closed on Friday at $0.13 a share. Once NASDAQ reinstates the suspended delisting rules, Charter will have to slide down to the OTCBB, making it more likely that the bondholders will push to get pennies on the dollar in a bankruptcy filing. The company has needed to sell off a large chunk of systems for years, but as usual, they have sat on their hands. IMHO, if they were a proactive company instead of a reactive at the last moment one, they would be in decent shape at this point.
»finance.google.com/finance?q=NASDAQ:CHTR |
