Wondering if Charter Communications at around $204 a share is a value trap or a rare bargain hiding in plain sight? You are not the only one looking at this beaten up cable giant and asking if the downside has already been priced in.
Despite a rough longer term track record, with the stock down about 41.4% year to date and 44.1% over the last year, it has shown some short term life, gaining roughly 3.9% in the last week after a 6.9% slide over the past month.
Recent moves have been driven less by a single headline and more by a mix of ongoing cord cutting worries, competitive pressure from fiber and fixed wireless, and regulatory scrutiny of broadband markets. At the same time, investors are reassessing infrastructure like Charter as a…
