Kyler Hasson, Portfolio Manager at Delta Investment Management, discusses our mutual position / bag-holding in Altice. Key topics include what bulls could be missing, the differences between Altice and Charter, and how regulation could impact cable.My tweet thread on ATUS: https://twitter.com/AndrewRangeley/status/1435228524399448065?s=20Kyler's write up: https://concentratedcompounding.substack.com/p/alticeMy write up: https://yetanothervalueblog.substack.com/p/altice-is-the-best-large-cap-stockChapters0:00 Intro1:23 ATUS overview2:25 Comping Altice today to Charter in 20184:00 What are we seeing that the stock market is missing7:55 How much weight should we put on Altice's bad quarter11:30 Does Altice management have a handle on the business?21:30 Discussing CABO's valuation versus the major cable peers23:00 How Altice's pricing, cost, and FTTH strategy differs from peers28:00 What if Altice needs to roll back prices or invest back into opex?31:00 Could Altice pull a Dell?37:55 More on Altice's FTTH strategy44:00 Talking about Altice's different parts47:45 What could break the cable thesis?56:00 Quick discussion of satellite / Starlink internet risk58:30 Cable regulatory concerns1:04:30 Kyler's closing thoughts