Added to YB: 2026-03-30
Pitch date: 2026-02-01
CABO [bullish]
Cable One, Inc.
+18.42%
current return
Author Info
No bio for this author
Company Info
Cable One, Inc., together with its subsidiaries, provides data, video, and voice services to residential and business customers in the United States.
Market Cap
$545.9M
Pitch Price
$80.40
Price Target
242.00 (+154%)
Dividend
N/A
EV/EBITDA
5.91
P/E
-1.52
EV/Sales
2.40
Sector
Media
Category
value
Cable One, Inc. - $CABO
CABO: Trades at $81, 4.7x EBITDA ex-minority stakes, vs peers at 5.5x. Oct'24 credit amendment + Dec'24 LLC agreement silo MBI debt ($845-895M) from CABO's $3.2B existing debt—no cross-guarantee. New CEO (ex-Astound LME experience) can negotiate MBI 2027 maturity without collapsing structure. Core biz generates $200M+ levered FCF ($700-750M EBITDA at 8-10% cost of debt). Minority portfolio ($285M BV, recently sold Ziply/MetroNet at 2.2x) = $42-91/share alone. PT $242 (2-3x upside) on re-rating as MBI overhang clears.
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