Category: Charter

Charter’s challenges continue to mount. Today the stock fell below a buck a share. That’s particularly troubling if you own a lot of them, like Paul Allen does. In just 6 years, his original investment of $8 billion has dwindled in value to about $425 million. Sure, he’s not clipping coupons yet, but at this pace . . .

If memory serves, as of the last quarterly conference call Charter had something like $19 billion in debt, $32 million in cash on hand, and $1.2 billion in remaining borrowing power. That financial position will get them through the end of 2005, but beyond that more work on the financing front will need to be done.
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Mark Cuban, an Internet billionaire who now owns the Dallas Mavericks, has dumped his 6% interest in Charter Communications. The news will probably cause another blow to Charter’s stock, which is already down about 45% since the beginning of … Continue Reading…

Charter employees got more than the typical tax-day scare last Friday.
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