Charter Communications, Inc. (NASDAQ:CHTR)

Saturday, February 4, 2012

GeoSpecial Notes

On January 26, 2012 we removed CHTR from the GeoSpeicial List @ 59.55

Added to the GeoSpecial list on March 15, 2010 @$33.00.  Also see intial our research note on March 10, 2012

Peak performance: Reached a high of  $61.15 on April 29, 2011 for a maximum potential return of 72.5%.

Catalyst: Exited Chapter 11; Company reduced debt by around $8 billion; Company reduced expense by over $800 million; Uplisting to a major exchange was imminent.

Current road block: At its current price CHTR is trading at forward P/E of 34.8 on 2012 EPS estimates of $1.67 .  We are still considering retaining some exposure to CHTR. Adjusted EBTDA is tracking at about $24.22. Historically, companies that operate in CHTR's industry have traded as high as 6 times EBITDA. This would translate into a potential price target of $145.

Current Price: $58.17



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