Charter Comm (CHTR) Bull Turns Negative, As Massive Debt Strangles The Company
December 18, 2008 by Douglas A. McIntyreOne of the few Charter Communications Inc.(CHTR) bulls is turning as the company looks headed for bankruptcy. Analysts at Pali Research downgraded the stock today from Buy to Neutral, citing the massive debt load.
The firm said, while growth has remained at the top end of the cable industry, the weight of its $21 bn of debt (9.1x leverage) is becoming too much for the company to bear.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.