Subject: Approaching Cheap
I’ve been studying Charter the past three months and it is approaching cheap. The balance sheet’s debt level is worrisome.

I’m not so concerned about the customer run off rate as I am about the ability of customers in the bottom 40% earnings bracket being able to pay their monthly Spectrum bill.

Anybody have experience with how consumers rank order their monthly bills? Do internet and cell phone get top ranking for payment or are they the first bills to not get paid when money is tight?

Uwharrie