Added to YB: 2026-06-11
Pitch date: 2026-06-08
OPTU [bearish]
Optimum Communications, Inc.
-9.09%
current return
Author Info
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Company Info
Optimum Communications, Inc., together with its subsidiaries, provides broadband communications and video services under the Optimum brand in the United States, Canada, Puerto Rico, and the Virgin Islands.
Market Cap
$524.1M
Pitch Price
$1.10
Price Target
0.15 (-86%)
Dividend
N/A
EV/EBITDA
7.81
P/E
-0.11
EV/Sales
3.08
Sector
Media
Category
special_situation
Optimum Communications ($OPTU) - SHORT thesis
OPTU (short): Drahi $2.50 tender offer is technical floor expiring June 30; once gone, stub falls toward $0. $25B net debt, declining EBITDA ~$2.8B, 8x leverage. Debt trades at $0.77 (~$19B EV), equity underwater. Base case -$0.50, bull $0.15-0.30. Catalysts: bid expiry, $4B CODI tax bomb, drop-down injunction (STG precedent), delisting, 2027 maturity wall. ROI +55%.
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