cptnkirk

Charter Communications, Inc. Q1 2008 Earnings Call Transcript

97% dept or not, this company has not reflected a profit in years, or has it? Might I suggest that profits are being transferred to closely held affiliates that are related to company insiders? Revenue growth over the last 5-8 years has been tremendous, yet profit is elusive. We keep hearing that the company is poised to make money, but it never happens. Let me suggest what will happen. The company will eventually declare bankruptcy, the before mentioned affiliates, being the credit holders of the company, will receive the assets of the company and form a new "Charter Communications". Current shareholders will recieve nothing. The company insiders will receive generous severance packages to reward them for their hard work. Many of the insiders will go back to work for the new company.