Great article! Agree on ATUS being highly attractive. On Charter, the FCF conversion is actually a bit better, given that there was no adjustment for “growth” capex (therefore more attractive). For Altice you can also make the adjustment, and the FCF multiple is more around 7x
Great article! Agree on ATUS being highly attractive. On Charter, the FCF conversion is actually a bit better, given that there was no adjustment for “growth” capex (therefore more attractive). For Altice you can also make the adjustment, and the FCF multiple is more around 7x
Great article! Agree on ATUS being highly attractive. On Charter, the FCF conversion is actually a bit better, given that there was no adjustment for “growth” capex (therefore more attractive). For Altice you can also make the adjustment, and the FCF multiple is more around 7x