Lol, seriously?? You were a permabull on ATUS all throughout 2021
This is from your own article where you claimed ATUS is worth $50 a share!!!!
I stand by everything I said in the first post (as well as the August update and this podcast). To sum up: yes, there are issues, but Altice is simply way too cheap. At current prices (~$22.50), Al…
Lol, seriously?? You were a permabull on ATUS all throughout 2021
This is from your own article where you claimed ATUS is worth $50 a share!!!!
I stand by everything I said in the first post (as well as the August update and this podcast). To sum up: yes, there are issues, but Altice is simply way too cheap. At current prices (~$22.50), Altice has an EV of ~$35B. They pass ~9.2m homes and LTM EBITDA is ~$4.5B, so you’re paying ~$3.8k/home passed or ~8x LTM EBITDA. Charter, the closest pure play, is trading for ~$4.5k/HP or ~12.5x EBITDA. That’s just too big of a multiple discrepancy, and given Altice is >5x levered any snap back in the multiple will have huge torque on the share price. I’m personally of the view that cable companies are worth >5k/HP or somewhere in the 13-15x EBITDA range; the low end of that range would put Altice’s stock well over $50/share.
Lol, seriously?? You were a permabull on ATUS all throughout 2021
This is from your own article where you claimed ATUS is worth $50 a share!!!!
I stand by everything I said in the first post (as well as the August update and this podcast). To sum up: yes, there are issues, but Altice is simply way too cheap. At current prices (~$22.50), Altice has an EV of ~$35B. They pass ~9.2m homes and LTM EBITDA is ~$4.5B, so you’re paying ~$3.8k/home passed or ~8x LTM EBITDA. Charter, the closest pure play, is trading for ~$4.5k/HP or ~12.5x EBITDA. That’s just too big of a multiple discrepancy, and given Altice is >5x levered any snap back in the multiple will have huge torque on the share price. I’m personally of the view that cable companies are worth >5k/HP or somewhere in the 13-15x EBITDA range; the low end of that range would put Altice’s stock well over $50/share.
That's why I asked him what is his current position on ATUS
dont expect a response when someone is THAT wrong and then flip flops!