Stock sees good year, despite troubles...
Debt-crippled Charter Communications has been consistently ranked at the bottom of the barrel in ISP rankings both here
, in the ACSI
. There's a general consensus that they're probably one of the worst broadband providers in the business. Yet their stock has risen 275% over the last year notes 24/7
-- compared to 35% for Comcast and 80% for Cablevision, both of whom have, well -- money. As our commenters note, a small move looks huge when you're talking about inexpensive stock.
In a meeting with investors recently, Charter Chairman Paul Allen praised the company's management team, and said VoIP deployments were going well, with the service now available to 7 million homes, up from about 3 million at the beginning of 2006 (8% take rate, says Allen).
Nothing was said about new speeds, considering the company lacks the capital for any footprint-wide upgrades. However, for what's it worth (and that might not be much), an anonymous Charter poster in our forums insists
a 16Mbps tier is in testing and could be released in the coming months -- likely only in FiOS areas.
Re: It's cause the stock is cheap
said by ctggzg:Yep if you bought 10,000 shares at $1 they're worth $40K now and in the end that $30K profit is all that matters.
If you're talking about your stock portfolio, the percentage increase in CHTR's stock price is all that matters.
Re: It's cause the stock is cheap I don't get the speeds I pay for here in Madison, WI.
More importantly for a cable TELEVISION company, the picture quality here is the worst of many places I've been in the last 10 years. The STBs are cheap, little, feature stripped, buggy motorolas.
The video on demand is woefully bad too. Well, of course this is compared to the other cable (TV/ISP) companies I've had in the last 10 years:
FiosTV/Fios ( Beaumont, CA)
Time Warner ( Garden Grove, CA & Columbus, OH)
Adelphia ( Yucaipa, CA)
Prime Cable/Cox ( Las Vegas, NV)
Charter ( Hammond, LA & St. Louis, Missouri)
Oh, I forgot to mention, several of the HD channels you're supposed to get when on that tier don't come in... Good thing there really isn't any real competition for them here or they'd go under. No wonder they're in last place. They're not doing anything to make themselves better.
| |rawWar EaglePremium
Re: It's cause the stock is cheap First things first, War Damn Eagle!
Secondly, I'll concede the point about DSL (no arguments there), but for TV, the satellite option is nonexistent for most of the student population. Most of us live in apartments, so we can't mount a satellite dish externally, and less than half (if I had to guess, I'd say probably ~25%) of the apartments have windows that have a good shot at the southwestern sky (Azimuth 207.9, elevation 48.6 for DirecTV). For me, at least, it's not happening.
While it may not be a true monopoly, it's certainly close enough to one in practice.
BBR Enemy Territory clan founder
| |TigerNutzLaissez les bons temps roulerPremium
Little Rock, AR
Re: Charter's Capital
said by jarablue:No USPS up there in Worcester?
I live in Worcester, MA. When I go to the Higgins St office once a month to pay my bill, you should hear the people who are getting into arguments about their bill. At least 2 user a month while I'm in line. Of course Charter will say something different. But it's odd. EVERY MONTH at least 2 users. Odd.
Re: Ummm, I work for Charter.
said by cdogg444:While I do live near Pelham, I work for the Alabama KMA and I deal directly with the East division staff on a fairly consistent basis.
Seeing as you live in Pelham, AL, and Charter corporate headquarters are here in Saint Louis, I highly doubt you know what you are talking about.
I'm sure that I have a better feeling for what's happening then your wiling to give me credit for.
said by cdogg444:I never stated Charter looked good on paper.
The reason Charter looks so good on paper, comes from the restructure of the debt to give us some breathing room, nothing more.
My point was simply that I don't want Karl's speculation passed off as fact.
Based on our public financial filings he can make reasonable assumptions and he is certainly free to speculate all he wants, but I feel his opinion/speculation and the facts need to be clearly identified as such.
Los Angeles, CA
it's being manipulated Charter's stock has been manipulated by the hedge funds for years. It's all due to the convertible notes Charter issues to hedge funds because Charter is so low on cash. What did the hedge funds do? They shorted the stock to hell, triggering panic sales by all the retail traders (AKA us). That is why the stock hung around $1 for so long. It was so heavily shorted and these hedge funds, with their billions of dollars, were never obligated to cover their short sales. Now, after several years of accruing interest on the convertible notes, the hedge funds are finally covering to drive the price sky high so the convertible notes mature and they get even more money.
Here is a Wikipedia link that explains what I am talking about: »en.wikipedia.org/wiki/Convertible_arbitrage
Whenever the share price of a company like Charter, which is so deep in debt and low in cash, becomes as volatile as it is, it's because of manipulation or rumors of big news such as a buyout. This stock will probably go even higher, possibly to $6, but if the company doesn't get bought out, it will only go back down to where it was.
| |Brat75I remember 8-tracks
So far so good I had a serious cable / HSI issue earlier this year. After going around a few times w/ phone tech support, I went in to the local office myself. I got a supervisor, he got on the phone w/ a network engineer and we had a chat.
Since I could prove my issue was NOT at my end (my computer or my modem) the super sent out his top tech and he and I worked on this problem for about 2 weeks total.
It ended up being a new line run from drop box on bldg to my apartment JUST to bypass all the noise in the building/on the old runs.
I actually learned a lot with the top tech doing testing, we ran tests together on the network...and after the new line was run, I had 3mb/sec STEADY AS A ROCK.
I gave these guys a chance, and I'm glad I did. I'll stay with them for a while, until I move again I think. Service locally is great, phone is scripted (I know it's rules..but fgs I've got a degree in technology!) and outsourced - and the phone people don't listen that well to my stating "The internet is slow, running at 256k when it should be 3mb! I've done tests it is NOT my computer, are there known issues in the head end?"
As I said, so far, so good. I'm happy.
Salted Pineapple, anyone?