This company is finished. Ignorance and arrogance have been its undoing.
11 replies (most recent on top)
The failure rate on fresh builds is mind boggling.
Everyone knows the fiber builds are being built using unarmored fiber, faulty design and the cheapest of everything including the labor. The failure rate in the next 3 to 5 years is going to be mind boggling.
Just wait until Verizon Fios becomes available in Eastern LI. You'd have to be braindead to NOT get Fios at that point. It's over for Altice.
It’s over you have to accept it
Barclays Adjusts Price Target on Altice USA to $2 From $4, Maintains Equal-Weight Rating
CFO was not the only one to resign, reread that press release
Altice USA Reports $193 Million 4Q Loss As Video, Broadband Subscribers Decline
By Jon Lafayette( Broadcasting & Cable ) published about 2 hours ago
Operator loses 53,000 residential video customers
"918k fiber passings this year. 2.17 million in total. They did half their fiber passings in the last year, while it took them 5 years for the other half. Now they are serious on upgrades because they are fu---d."
Passing with fiber is one thing. Actually having a working product is another. As an investor you are just seeing a 78% loss over 5 years. Let's face it it's not like they ran armored fiber for long term reliability. I smell failure in the near term. They already stuffed their pockets.
They fudging the numbers...
918k fiber passings this year. 2.17 million in total. They did half their fiber passings in the last year, while it took them 5 years for the other half. Now they are serious on upgrades because they are fu---d.