Then we have Charter Telecommunications Company. If you want to see a bad graph, this is a very bad graph. The stock hit its bottom two months or a month ago. Right now we're only slightly elevated.
However, if we look a little at the results, the results will still be bad, and will continue to decline; Revenues are declining, earnings before interest and taxes are declining, and capital expenditures are stable and have not yet begun to decline.
Yes, they have the assets, they have the scale, they have 30 million customers, but that number is decreasing. Mobile phone services are on the rise, so customers are leaving broadband and moving towards mobile.
Well , the video service is stable but also declining , and capital expenditures are still high, and are considered very high. That should change as capital expenditures decrease next year and beyond.
That should allow for repurchases, and more repurchases. They've temporarily suspended it, but let me show you something. They have repurchased 60% of the shares in the last decade.
What did the arrow do? The stock has done nothing practical since they started the buyback operations . The market value is now 17 billion, and this is my answer to everyone who tells me, "Sven, you should take into account the buyback yield and the share buyback yield ."