Tougher Financial Times Ahead for Cable One, MoffettNathanson Analyst Says
Cable One's financial growth "is about to hit a wall" as its strategy of focusing on price increases could run afoul of its relatively price sensitive customer base, MoffettNathanson analyst Craig Moffett wrote investors Wednesday as the firm downgraded the…
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cable ISP to "sell." "Those price increases do not appear sustainable, and in the near term they are not repeatable," Moffett said. He said the company's de-emphasizing its video offerings, including its dropping of Viacom content (see 1501140012), has hurt its attractiveness as a takeover target because Cable One has "foregone a tremendous amount of potential synergy for an acquirer." Cable One didn't comment.