Guys,
I have posted here before about charter communications so posting this to start some discussion on it. I’m long with 200 shares at 130 cost basis.
It’s trading at 110 apiece rn. I think it got repriced because of the rising interest rates so market is worried about their debt. The numbers are looking absolutely ridiculous though at almost 30% if not more fcf yield. Also I think charters debt is structured pretty good with no problem at least until 2035.
What are yall thinking with your CHTR thesis? I don’t mind cutting my losses but I can also keep selling calls on it because the OTM call options have pretty elevated IV so I am confident I can break even on it by selling calls. A march 2027 150-strike which is almost 35% OTM call is selling for 800 bucks.
However I strongly believe it’s a 200 bucks stock. Discuss!