PD will understand now what he did LOSER
4 replies (most recent on top)
Now 1.83 per share
I believe the stock will continue to hover around this price for the foreseeable future, or at least until the creditors start going after PD which may not be for another 3 or 4 years given the fact he was able to smooth talk his creditors into pushing out the maturity dates on many of his notes. As crazy as things are in the world anything could happen and the cost of maintaining that debt could once again become very affordable, at least that is what PD is hoping and praying for. If things continue to stay as they are over the next 3 or 4 years with rising inflation and interest then his worst nightmare could very well come to pass. PD has built his empire on cheap debt but that debt is not cheap anymore.
I think the stock was down around $2.07 this summer. PD will be fine, it’s the employees of the Altice companies and his creditors who will suffer. Guys like PD always find a way not to go down with the ship. They allow everyone around them to drown while they somehow manage to find someone who will throw them a life preserver. PD is a smooth talking hu----r and for some reason unknown to me has many in the financial industry enamored with the endless line of bull$hit that he spews.
He destroyed his life as well as many others, I’m going to watch this unfold with popcorn 🍿 in hand. There’s no way out now!! Another 240,000 customers gone this month! Google it it’s public knowledge under BBB,