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Cablevision (CVC -5.95%) reverses earlier gains after saying its free cash flow will fall in...

Cablevision (CVC -5.95%) reverses earlier gains after saying its free cash flow will fall in 2012 because it plans to increase its capex and to hold off on fee rises. In its Q4 report, Cablevision said it lost 14K video subs but gained a net 20K high-speed data subs and 31K net phone subs, with all the figures greater than expected.
Comments (1)
  • smstuder
    , contributor
    Comments (46) | Send Message
     
    So CVC drops 9+ % because it's revenue increased, but it's EPS didn't hit the mark of .23 pers share (estimated by some goon) , instead it was .22 per share, and that is because they retired 84 million in debt. On top of that they beat estimates on gaining customers on phone and internet subscriptions. I'm sorry but I am so sick of stocks getting dumped on because someone estimates EPS at X and it comes in at X minus.01 then it drops its value 10%. The traders today trade on emotions and not facts. The last time CVC dumped it was because the COO left, not because of fundamentals but because of emotions, and thats what we are seeing today. I would be a buyer of more CVC, but because the irrational behavior of traders today, I just can't do it. Thank you for ******* up an otherwise good day of trading. fools

     

    I am long on CVC even though there are a lot of idiots trading on it, right now.
    28 Feb 2012, 01:30 PM Reply Like
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