Absolutely. Paid $7.4B when worth $3.4B.
Plus, shrinking market for cable since more competition from Netflix, Hulu, Sling, etc.
And then "The cord cutters".
The best things COMM has going for it are:
- International markets
- 5g
These could save them b/c updated equipment required.
But will it be deployed fast enough? Don't think so.
I still believe their lenders are going to have to help save them.
JMO, Scruff-Almighty