CHTRQ - Charter Communications, Inc. - Page 8

been holding up in a bad environment, just need it to close 1.61 or better and it should take off again.

Good buy @ .19?

Loaded today at .178

.1762X.179

reentered today at .17, fully loaded

I am amazed that one of the larger companies hasnt swallowed them up already like Comcast, I bet they would offer at least $1 per share, if that happened, imo.

Looking pretty good. setting up nicely. I'm in at .17

In at 0.16 - 0.17

Looking good to rebound.

I hope so. I got in at .17 and today it hit .14 then came back to .163. I can't believe how low this has gotten.

Tuesday, December 9, 2008 - 10:49 AM CST | Modified: Wednesday, December 10, 2008 - 10:03 AM
Third director resigns from Charter’s board
St. Louis Business Journal - by Kelsey Volkmann

For the third time since September, a director at Charter Communications has resigned.

Nathaniel Davis, the president of XM Satellite Radio, has resigned for personal health reasons, the cable giant said Tuesday. Davis had also worked for Nextlink, Nextel, MCI Telecommunications and AT&T.

Like the directors who resigned before him in recent weeks, the position on the board will not be replaced at this time, Charter said.

On Friday, Marc Nathanson, who founded Falcon Cable in 1975, he stepped down “to devote more time to personal and business interests.”

In September, Jonathan Dolgen, former chairman of Viacom Entertainment Group, resigned from the board.

The company, which has never made a profit since it went public in 1999, mainly because of its huge debt load, has seen its stock price drop to 12 cents a share, its 52-week low Nov. 19. Trading below $1 a share would normally qualify it for a notice of possible delisting by NASDAQ, except that the stock exchange has temporarily waived its rules because of current volatility in the markets.

Charter closed Tuesday at 16 cents per share.

St. Louis-based Charter Communications Inc. (Nasdaq: CHTR) is the nation's third-largest cable television provider, and also provides digital video programming and high-speed Internet access.

There was talk of Time Warner buying them out, but they don't want the debt load that comes with Charter.

Wow. I just spent 60 seconds looking at this company and cannot fathom why anyone would buy in at this stage of the game. What a horrible looking company!

(The last time I said this was when I looked at DRYS last week)

Good luck, gamblers! I'm off to find companies with better balance sheets.

Slow reader, eh?

So you can analyze a company's viability in 60 seconds? Man you are a stock prodigy! CHTR is a cable company. They are entrenched in their market and for all intents and purposes have a monopoly. If you think this a bad investment, you are just wrong. Where are they going to go? If anything they are going to get bought out, which would almost certainly benefit the shareholders. I am just not sure what angle you are looking at the company from to say it is "horrible", but maybe you need to analyze the overall situation again and reconsider such a strong statement.

They are the only game in town and for a large area where I live. Something's going to happen. My chips are in fwiw. If it bounces back even a little, I make some change.

Well with this news just in, what would you do with this. I have 3500 shares at .165. Today closed at .131. Right now I'm hoping for a little upturn so I can jump. But if that doesn't happen would you hold or bail at whatever you can get? It did open at .17 but with the news it tumbled.

Charter Asks Lazard To Begin Financing Talks With Bondholders
10 minutes ago - Dow Jones News

Related Companies
Symbol Last %Chg
CHTR 0.131 -14.38%
As of 4:00 PM ET 12/12/08



DOW JONES NEWSWIRES

Debt-laden Charter Communications Inc. (CHTR) asked financial advisor Lazard LLC on Friday to begin talks with its bondholders to explore financing options to improve its balance sheet.
The move represents the latest obstacle for Charter, controlled by Microsoft Corp. (MSFT) co-founder Paul Allen, which warned earlier this year it could be forced to seek bankruptcy protection if it failed to raise additional funds to finance its cash needs by 2010.
Chief Executive Neil Smit said the company's intention is to improve its capital structure and enhance financial flexibility, further noting that Charter, the nation's fourth-largest cable operator by subscribers, had more than $900 million in cash on hand and cash equivalents as of Wednesday.
Moody's Investors Service weighed in later Friday, saying Charter would need to restructure its debt or file for bankruptcy next year. The ratings firm also lowered its credit ratings on the company, saying default is imminent.
Moody's noted that a restructuring of the balance sheet through a distressed exchange or bankruptcy filing is likely next year even though the company has enough resources to maintain operations into 2010. Standard & Poor's Ratings Service also echoed those concerns.
"Charter's ratings have long reflected a high probability of default and a fundamental mismatch between the company's liability structure and its business model," said Moody's Senior Vice President Russell Solomon.
Last month, Charter said its third-quarter net loss narrowed on a year-ago charge as it paid down some of its debt and cash levels rose. Charter reduced its long-term debt by $43 million during the quarter, putting the figure at $21.03 billion at quarter's end.
Charter shares closed off 14% at 13 cents, a penny above its 52-week low, while its 10.25% bonds due 2013 dropped 10 points to 25, according to MarketAxess, although there has been only one trade in the paper. The 10.25% notes of 2010 are the most active, with 26 trades, falling 7.3 points to 27.

You're right, I was wrong. It looks like a fantastic investment. In fact I think I'm going to buy up every share I can afford since this company is in such wonderful shape and poised to skyrocket next week. Maybe if I hurry I can buy a bunch tonight.

Perhaps this would be a good time to get in with a little money?

It has popped 34% already. I would stay away personally.

in @ .13