Top February Stocks
What’s not to love?
I’m looking at Charter Communications (CHTR). On the surface they’re a nasty ugly mess. Top heavy in high interest debt, nasty fourth quarter, lost almost 15% of their value in the last 30 days (admittedly it was trading near 52 week high and everyone got killed last week).
In February as the stock price was going south, CHTR announced plans to refinance $6.58 billion in senior secured credit facilities by establishing $8.05 billion worth of senior secured credit facilities (providing enough liquidity to fund operations through 2008).
CHTR closed at $2.98 / share on Friday. I’m thinking I like them (purely from my speculative resources) at $2.50 to $2.75 over six to twelve months based primarily on the benefits of the refi.
So my questions are these… What have I missed? What’s not to love? Do you think the refinance aspect 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 has shown zero ability To Make Money? If you want to speculate, I advise you to speculate in solid companies so you won’t wake up to hear they’ve announced bankruptcy, which I see as a logical step for Charter.
Top Stock Picks For The Week Ending February 12th, 2010.