Charter Communications: Extremely Cheap Valuation Amid The Broadband Panic

Charter Communications has suffered severe share price declines due to intensifying broadband competition, subscriber losses, and persistent debt overhang. CHTR's Q2 results showed ongoing broadband attrition, falling revenue, but resilient cash generation and aggressive buybacks, with leverage stable at 4.2x. Despite cap-ex normalization and a free cash flow yield above 16%, market sentiment remains negative until broadband losses stabilize and debt concerns ease. I maintain a "Strong Buy" rating, seeing valuation below 5x free cash flow as highly attractive for patient investors awaiting signs of operational stabilization.

Shares of Charter Communications ( CHTR ) have been a terrible performer over the past year, and one of my worst recommendations. The stock has lost over two-thirds of its value, and there is seemingly no end in sight to the pain with shares