Post by
ideaguy on Oct 17, 2024 12:12am
KeyBanc maintains Overweight rating
"KeyBanc, noting that the accounting issue does not affect the company's overall financial health. The firm sees Cable One's decision to restate its financials as a positive step towards providing clarity to investors."
The above is referring to Cable Ones decision to re report financials...
"Cable One announced a material weakness in its accounting practices related to the incorrect allocation of operating losses from its minority investment in Clearwave Fiber. The company plans to file restated financials for the affected periods.
In terms of strategic shifts, Cable One is focusing on delivering a seamless connectivity experience and expects broadband to drive growth in the second half of the year. The company is also exploring the addition of wireless to the consumer offering, provided it is economically viable. These are among the recent developments that investors should note."