Added to YB: 2026-06-04
Pitch date: 2026-06-02
OPTU [neutral]
Optimum Communications, Inc.
+4.85%
current return
Author Info
No bio for this author
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
N/A
Pitch Price
$1.03
Price Target
2.50 (+131%)
Dividend
N/A
EV/EBITDA
7.82
P/E
N/A
EV/Sales
3.08
Sector
Media
Category
special_situation
A 2.2x Spread in a Telecom Train-wreck: Optimum’s Odd-Lot Tender
OPTU (overview): Distressed cable operator (FKA Altice USA) at $1.16 into fixed-price $2.50 odd-lot tender for up to 120M shares ($300M cap), expiring 6/30/26. ~2.2x spread, ~115% gross on 99 shares. Insiders (Drahi's 90.5% block) sit out. Risk: debt-restructuring kill switch under $21.8B debt, but creditor talks only 'anticipated' amid litigation; author sees tail risk. Tax characterization (302 tests) murky—read the filing.
Read full article (7 min)