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31 Dec 2025 1 min read

$CABO appoints CEO

As mentioned in my original article, Cable One announced the "retirement" of its CEO Julie Laulis in June. Ms. Laulis was to serve out her term until year end, or a replacement was found, then remain as a consultant through 2026.

Today the company issued a press release announcing a new CEO has been found.

Since this comes at the eleventh hour, the CFO will serve as interim CEO until the new CEO can start, no later than March.

The new CEO is Jim Holanda. Mr. Holanda (60) is a career cable operator, with ten years at Comcast, five at Charter, and fifteen running Astound, an $8B PE rollup of regional cable systems.

I think this is generally a good selection. Mr. Holanda has spent a career focused on operations, which is the same role Ms. Laulis primarily filled. He also has experience rolling up acquisitions, which will be needed when Cable One is forced to buy MBI in Q4 2026.

The stock continues to wilt, push -69% YTD, and -16.5% since I originally published. There has been quite a bit of volatility, providing several good opportunities to add and trim.

At this point, I think the debt situation is better than originally expected and the melting revenue/competition is the primary concern. All the institutional holders have spent the whole year unloading at large losses, so I think we're near the bottom of that overhang. If revenue can turn around, or even stabilize, the stock should as well.

Happy New Year!