Thread regarding Altice USA (Cablevision) layoffs

Not looking so hot and customers are just starting to get fed up

Altice USA Inc (ATUS) Surges to All-Time Low, Is Now Worst Performer

September 6, 2017 - By Darrin Black

The stock of Altice USA Inc (NYSE:ATUS) reached all time low today, Sep, 6 and still has $28.63 target or 6.00 % below today’s $30.46 share price. This indicates more downside for the $22.45B company. This technical setup was reported by Barchart.com. If the $28.63 PT is reached, the company will be worth $1.35 billion less.

Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

About 2.10M shares traded or 155.24% up from the average. Altice USA Inc (NYSE:ATUS) has 0.00% since September 6, 2016 and is . It has underperformed by 16.70% the S&P500.

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Post ID: @OP+P9ANBxx

17 replies (most recent on top)

Ohh the misery, so stoked I left Altice. Its too bad, never realized how good we had it until fuccboi took over. They may have trimmed the fat, but lost some good meat in the process, They're like a hot dog.... compiled of mostly scraps that cant make it anywhere else... Sorry guys, but its time to read between the lines, there is NO long term...

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Post ID: @buxt+P9ANBxx

All the Directors (and above) got Stock - so it's fun to watch this thing plummet.

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Post ID: @3qsn+P9ANBxx

The market is doing so good right now. Apparently the Altice USA stock is not doing well I want to why? That's what you get when you try to hang with the big dogs.

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Post ID: @2lwd+P9ANBxx

The best is yet to come

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Post ID: @1wkr+P9ANBxx

I noticed the stock ticker gone from Marquee as well, I guess upper management was upset their contractor ran/software integrated company is failing them. The bad part is 3rd qrt results have not been posted (OUCH). Oh well, when contractors control the brand of the company and software additions/ integrations slows processes and disrupts logistics... its expected. Whats bad Altice was shooting for $38 a share but the financial statements said otherwise but they probably VRP'ed (Retired) the guy smart enough to tell them they were wrong.

And remember guys everyone is needed and there job is safe..... My Azzz lol

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Post ID: @1hey+P9ANBxx

Good thing your not a soldier. Sounds like you lost your fight.

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Post ID: @1jrq+P9ANBxx

It's a dog with fleas. It doesn't matter though. The 10 billion dollar French/Israeli man will be worth 20 billion when this is over with and the Manhattan mansion guy will also double his net worth. The rest of us, not so much.

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Post ID: @1xzj+P9ANBxx

The agreement with the PSC on service has to be broken by now. Even with the additional service call fees that were added to persuade customers not to call.

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Post ID: @1aam+P9ANBxx

Anybody notice that the stock ticker is no longer on the Marquee?

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Post ID: @1qyw+P9ANBxx

Was down $27.82 today

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Post ID: @vud+P9ANBxx

Really has nothing to do with outlets an boxes, has more to do with time. Not every install is a plug an play. But time is the same wether its 2 box triple primary or a win back. 12 points for a 4 box install. Is more work than a tc even if everything is there. Then you get 2 more in same time frame. Just hate feeling rushed to make the next job.

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Post ID: @qxf+P9ANBxx

to be fair, what exact type of install (how many outlets, boxes, etc) is on the tech's work order and what the customer was told over the phone to expect have often ALWAYS been two different things. I remember doing a ride-along with a FS tech way back in '02 in the paper work order days with the white/yellow/pink paper and almost every job he went to had a sub expecting something more than what was on the WO

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Post ID: @iqr+P9ANBxx

This is what happens when you pay people in DR and texas 3 dollars an hour. Also when you close VDO (layoff all workers) without any kind of a plan.. Most people would say that this is just sour grapes and that any employer is going to have its employees complaining... but this goes beyond that. I hope the company goes bankrupt.

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Post ID: @xpv+P9ANBxx

I'm not surprised at this either. Sales is screwing up all the account orders. Then telling the Subs that the technicians will correct the orders when they arrive. Causing massive confusion in the house, thus, holding back the techs from moving forward. Customers are then yelling at Field Service representatives. Sales should get the orders right at the point of sale and customer service should service the customer. And VDO should support the Techs. In this Order and then there will be some Order!!

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Post ID: @ppg+P9ANBxx

I'm really not surprised by this. Look for more cuts and layoffs in the near future. Just a matter of time before the sh-- hits the fan.

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Post ID: @xks+P9ANBxx

There goes that private island in bora bora

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Post ID: @zsj+P9ANBxx

Wow

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Post ID: @dyx+P9ANBxx

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