Kyler Hasson helps me bag hold $ATUS

Yet Another Value Podcast

Kyler Hasson, Portfolio Manager at Delta Investment Management, discusses our mutual position / bag-holding in Altice. Key topics include what bulls could be missing, the differences between Altice and Charter, and how regulation could impact cable.
My tweet thread on ATUS: https://twitter.com/AndrewRangeley/status/1435228524399448065?s=20
Kyler's write up: https://concentratedcompounding.substack.com/p/altice
My write up: https://yetanothervalueblog.substack.com/p/altice-is-the-best-large-cap-stock
Chapters
0:00 Intro
1:23 ATUS overview
2:25 Comping Altice today to Charter in 2018
4:00 What are we seeing that the stock market is missing
7:55 How much weight should we put on Altice's bad quarter
11:30 Does Altice management have a handle on the business?
21:30 Discussing CABO's valuation versus the major cable peers
23:00 How Altice's pricing, cost, and FTTH strategy differs from peers
28:00 What if Altice needs to roll back prices or invest back into opex?
31:00 Could Altice pull a Dell?
37:55 More on Altice's FTTH strategy
44:00 Talking about Altice's different parts
47:45 What could break the cable thesis?
56:00 Quick discussion of satellite / Starlink internet risk
58:30 Cable regulatory concerns
1:04:30 Kyler's closing thoughts