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As Charter (CHTR) Moves To Penny Land, Market Thinks Chapter 11

Charter (CHTR) recently traded as low at $.92 recently and hit $1 early in today’s trading. At a $425 million market cap, the company now trades at .07x revenue.

With nearly $20 billion in debt and a possible drop in consumer spending on telecom and cable services as part of a slowing economy, Wall St. trying to figure out how the company will make its debt service this year.

Paul Allen, who has de facto control of the company, could put in more debt, but that would squeeze existing common shareholders down to zero. That could be legal nightmare for Allen.

Douglas A. McIntyre

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

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