Added to YB: 2026-06-19
Pitch date: 2026-06-17
OPTU [bullish]
Optimum Communications, Inc.
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
$614.6M
Pitch Price
N/A
Price Target
2.50 (+94%)
Dividend
N/A
EV/EBITDA
7.83
P/E
-0.13
EV/Sales
3.09
Sector
Media
Category
special_situation
OPTU Odd-Lot Tender Offer
OPTU: Odd-lot tender offer (formerly Altice USA) at fixed $2.50/share for <100 shares, absolute priority no proration. Stock ~$1.36 (from $1.08), ~84% gross spread per 99-share lot (~$110 max investment). Expires June 30, 2026. Main risk: cancellation if Drahi/creditors sign $21.8B debt restructuring deal first; precedents (Altice France 11mo) suggest unlikely near-term. Downside floor ~$0.66 pre-announce, ~1:3 risk/reward. Positive convexity special-sit play.
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