What do CHTR and SBAC have in common? Expensive infrastructure. Cable and cell tower networks, respectively. Maybe there’s more to the story, but they have performed similarly.
CHTR looks more at risk here given the top is complete and back tested, moreover we all know cable is bleeding subscribers. Real median income is already down more than 4% back to the 2019 level thanks to inflation (1990, 2000, 2008 recessions and now highlighted). If there is a recession ahead, my hunch is cord cutting will surge again.
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