Charter Communications is nearing the end of a large capital expenditure cycle, with CAPEX expected to drop from about $12 billion in 2026 to $8 billion, enabling free cash flow of $8-9 billion by 2027-2028. The company’s business model relies heavily on recurring subscription revenue, which makes up 89% of its income, and it carries significant leverage at 4.2 times EBITDA. This shift in spending is expected to unlock substantial free cash flow, providing opportunities for debt reduction, share buybacks, and dividends. Despite risks from competition and regulation, Charter trades at a discount, and normalized free cash flow could support a valuation above $500 per share at an 8-10 times free cash flow multiple.
Spectrum has introduced ultra-low latency internet powered by L4S technology, currently available in select U.S. cities including Dallas–Fort Worth, Reno, Rochester, and St. Louis. This technology reduces lag and improves responsiveness for real-time...
Berkshire Hathaway, under new CEO Greg Abel, disclosed its first quarterly portfolio update since Warren Buffett stepped down. The $263 billion equity portfolio saw significant changes, including increased stakes in Alphabet, The New York Times, and ...
