Charter Communications to Acquire Bright House Networks: What it Means For Mutual Fund Investors (CHTR)
Shauna O'Brien Mar 31, 2015
According to Charter’s CEO, “Bright House Networks provides Charter with important operating, financial and tax benefits, as well as strategic flexibility. Bright House has built outstanding cable systems in attractive markets that are either complete, or contiguous with the New Charter footprint. This acquisition enhances our scale, and solidifies New Charter as the second largest cable operator in the US.”
Cable Companies Are Losing Customers to Internet-Based TV
The company is up almost 19% in the last year, outperforming some of its peers as well as the S&P 500.
Mutual Funds to Watch
|VMCIX||Vanguard Mid Cap||1.35%|
|VTSMX||Vanguard Total Stock Mkt Idx||1.27%|
|FLVCX||Vanguard Extended Market Idx||0.70%|
The Bottom Line
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