Aug. 5 at 2:03 PM
$CHTR i'm working with basically the same 10bn as you. i just don't think it matters yet.
market won't pay for future cash flow while subs are still bleeding. q1 was -120k, q2 -172k (vs -116k same quarter last year, so its actually getting worse). once that stops, fine, then the 10bn is real money and the multiple follows. until then nobody pays for it.
also your per share math is off. after cox its ~163m units and the families keep 29%, so ~
$57 a share, not 74.
if q3 comes in worse than -109k (thats what q3 did last year) then the bulls have a bigger problem than the price target. and q3 is the easy quarter anyway, beating -172k means nothing. what q3 sub number breaks the 250 for you?
