Does the Astound deal show cable is too cheap? (Spoiler: Yes, particularly $ATUS)
www.yetanothervalueblog.com
This weekend, news broke that Stonepeak is buying Astound for $8.1B. Bloomberg reports that the deal values Astound at ~$8k/broadband sub; based on my math, I think the deal values Astound at ~13x EBITDA but I have not seen the financials personally and I could be a turn or three off.
Does the Astound deal show cable is too cheap? (Spoiler: Yes, particularly $ATUS)
Does the Astound deal show cable is too…
Does the Astound deal show cable is too cheap? (Spoiler: Yes, particularly $ATUS)
This weekend, news broke that Stonepeak is buying Astound for $8.1B. Bloomberg reports that the deal values Astound at ~$8k/broadband sub; based on my math, I think the deal values Astound at ~13x EBITDA but I have not seen the financials personally and I could be a turn or three off.