Money Forum World

Im looking at Charter Communications CHTR . On the surface theyre a nasty ugly mess. Top heavy in high interest debt, nasty 4th quarter, lost nearly 15% of their value in the last 30 days admittedly it traded near 52 week high and everyone got killed last week .

In February as the stock price goed south, CHTR declared plans to refinance $6.58 billion in senior secured credit buildings by establishing $8.05 billion worth of senior secured credit buildings enough liquidity to fund functionings through 2008 .

CHTR closed at $2.98 / share on Friday. Im thinking I like them only from my notional resources at $2.50 to $2.75 over six to 12 months established mainly on the benefits of the refi.

So my questions are these. What have I missed? Whats not to love? Do you think the refinance part was already factored in to the price in spite of the precipitous sell off last month?

Whats not to love? How about $20 billion in debt for a company that showed zero capability to make money? If you want to speculate, I tell you to speculate in hard businesses so you wont wake up to hear theyve declared bankruptcy, which I see as a logical step for Charter.