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#	AUTHOR DATE SUBJECT
37	member 6/09/21 4:29PM Re: Author Exit Recommendation 36
Summary: Anyone who followed this and created the Altice Europe stub would have done so around e1.12/share. Drahi bought out the minority shareholders (us) at e5.35/share. So, a bit under a 5x in ~3 years.If you... login to read the rest 2 view available tags
35	member 7/05/19 6:52AM Tracking pricing
I have been tracking ASP of the four french telcos for both mobile and fixed pricing over the past few months which seems to show a stabilizing market. Curious if anyone here had different observations... login to read the rest view available tags
33	member 4/18/18 4:07PM Re: Bouygues Weighs Altice Bid 31
one french broker said that the price was something like 20bn EUR, for Altice to sell France (so mostly old SFR). Since they recently consolidated it at 30bn (the price implied by the takeout of... login to read the rest view available tags
28	member 3/27/18 2:15PM Re: Pressure on the stock? 27
from what I've seen sell-side is actually pretty bullish on the debt but most of them also don't see any real free-cash-flow going to the equity owners over the next couple of years. There's plenty... login to read the rest view available tags
27	member 3/27/18 1:34PM Pressure on the stock?
Any idea what has been driving this latest downtrend in the stock? Was one of the entity's debt downgraded this week? Thanks. view available tags
26	member 3/23/18 4:54PM Re: Re: Re: 5G (reposting from ATUS thread) 25
As 5G relates to Altice, we have to mentally separate it into two discussions: US and non-US. For the non-US, Altice is the #1 or 2 mobile provider in all its markets. In France, it... login to read the rest view available tags
24	member 3/21/18 2:43PM Re: 5G (reposting from ATUS thread) 23
I discussed it a bit here (see second bullet). The bottom line is no one knows what the future really entails for 5G, but the bet with cable is that their infrastructure places them in a... login to read the rest 2 view available tags
17	member 2/27/18 3:24PM Re: Re: Re: Re: Re: Re: Re: Re: Re: Cord Cutting 16
I believe TIVO offers that to their pay TV customers. The ability to search for programs thru your cable box/channel and your OTT offerings. Thesis being that once you leave your cable tv guide for... login to read the rest view available tags
14	member 2/26/18 10:51AM Re: Re: Re: Re: Re: Re: Re: Cord Cutting 12
I agree with JSO. Cord-cutting will continue--but the probability is that it will continue to be a slow-drip because it still provides a lot of value for a lot of people. It is likely that... login to read the rest 7 view available tags
13	member 2/26/18 10:12AM AT&T as a competitive threat in broadband
Since you cited AT&T as a competitive threat, it's worth actually looking at their numbers. Since closing DTV in 2015, they claim to have added +7mm new fiber passings (>50% on their way to their 2019... login to read the rest view available tags
12	member 2/26/18 9:32AM Re: Re: Re: Re: Re: Re: Cord Cutting 11
I don't really understand the revenue accounting debate. The biggest reason why video gross margins are so low is the massive amount they pay in (100% variable) content costs back to the networks. CHTR is... login to read the rest 7 view available tags
10	member 2/26/18 2:48AM Re: Re: Re: Re: Cord Cutting 9
I think bedrock is right in the sense that if video goes to hell, cable companies first lose some of their scale, but maybe more importantly become a one-trick-pony - and broadband churn is likely to... login to read the rest view available tags
9	member 2/25/18 7:37PM Re: Re: Re: Cord Cutting 8
It’s pretty straight forward. Look at video revenue and back out content costs which is the direct cost of video. For Charter that is 17% of total gross margin for 2018. When you consider that... login to read the rest 3 view available tags
8	member 2/25/18 7:25PM Re: Re: Cord Cutting 7
I think that percentage is fake news cost accounting. -1 view available tags
7	member 2/25/18 5:27PM Re: Cord Cutting 5
Video is 10% of EBITDA. To be bearish cable, you have to be bearish their broadband business. Why are you bearish broadband? 3 view available tags
4	member 2/25/18 4:30AM Re: Re: Israeli Short Seller 3
I believe they laid out a pretty good case on margins, debt and opaque capital structure, but I need to reread it. There was an interview with I believe the former TWC CEO on CNBC... login to read the rest view available tags
3	member 2/25/18 3:24AM Re: Israeli Short Seller 2
The short report was presented in Sohn Irael in 2015 - you can check it out here: https://www.dropbox.com/s/8x79p7utwxng7dm/285214825-Short-Altice-Sohn-Presentation.pdf?dl=0 I'll let you judge for yourself whether anything they've laid out in that report has actually came through. 1 view available tags
2	member 2/24/18 6:33PM Israeli Short Seller
there was a prescient short report that basically implied fraudulent accounting games to boost EBITDA. I believe that is part of why the European assets are hated and the synergies predicted from ATUS may not... login to read the rest 1 view available tags

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			2018	2019
Price:	7.62	EPS	0	0
Shares Out. (in M):	1,205	P/E	0	0
Market Cap (in $M):	9,182	P/FCF	0	0
Net Debt (in $M):	0	EBIT	0	0
TEV (in $M):	0	TEV/EBIT	0	0

Description

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