Let's Revisit $CABO
Burnt longs, hated industry, over-levered equity stub, melting revenue. Naturally, I'm attracted like a moth to the flame.
Cable One Q3 Earnings
My original post on Cable One (Let's Revisit $CABO) provided a bridge for the balance sheet based on some assumptions around FCF and one-off cash events. It also tried to stress test the revenue decline trends to provide some intuition for when things are better- or worse-than expected.
What I've Been Doing (1/n)
Well, one thing I've been doing is not writing articles for this site!
After the first two write-ups, I did exactly what I swore I would not do... go silent for two months. Oops. We went on a family trip for a few weeks, then I spent a
Quick Idea: $LSBK
* Small regional bank just completed de-mutualization.
* Current price of $12.66 is 0.7x BV ($17.89/sh).
* $100M market cap, $75M in cash.
* Activist Joseph Stilwell filed 9.4% stake, accumulated around $12.10/sh.
* Stilwell has record of pushing for buybacks/mergers.
Lakeshore Bancorp just completed its second-step
Let's Revisit $CABO
Burnt longs, hated industry, over-levered equity stub, melting revenue. Naturally, I'm attracted like a moth to the flame.