Paul Allen’s big investment in Charter looks tenuous
,----[ Quote ]
| The likelihood of financial distress, such as bankruptcy,
| at Charter Communications Inc. in the next year has
| increased from 20 percent to 75 percent, a Citigroup
| analyst said.
|
| Billionaire Paul Allen, Microsoft Corp. (NASDAQ: MSFT)
| co-founder and owner of the Portland Trail Blazers, is one
| of the largest owners of the St. Louis-based cable TV
| company, owning more than 28 million shares of stock.
|
| Citi analyst David Hamburger also downgraded Charter from
| buy to sell and reduced the price target from $1 to 5
| cents.
`----
http://www.bizjournals.com/portland/stories/2008/12/29/daily27.html
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