Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Warren Buffett Backs Charter Communications, Inc. (CHTR) Against Comcast Corporation (CMCSA) Time Warner Inc (TWX) Alliance

Warren Buffett has a knack for identifying winners before other players in the market and this time Charter Communications, Inc. (NASDAQ:CHTR) has been given the blessings by the Oracle of Omaha as he takes a substantial position in the company. Jack Mohr of TheStreet reported  the news.

Warren Buffett

This year has seen the cable companies battle for market dominance as Charter Communications, Inc. (NASDAQ:CHTR) and Comcast Corporation (NASDAQ:CMCSA) waged war in acquiring Time Warner Inc (NYSE:TWX). Charter which is the fourth largest cable operator in the country lost as Time Warner decided to go with Comcast.

So what exactly did Buffet see in this loser that made him place a significant bet on the company’s future earnings. This is something that comes with years of investing experience, an ability to go against the market and be right more than 90% of the time. Mohr reflected some light on the secret sauce that Buffet is hoping to pour over his Holding Company, Berkshire Hathaway Inc. (NYSE:BRK.A), with this investment.

” […] In order to satisfy antitrust regulators and Comcast Corporation (NASDAQ:CMCSA) is getting rid of nearly 1.5 million Time Warner subscribers and guess who is picking those subscribers up? Charter Communications, Inc. (NASDAQ:CHTR) itself. The subscriber swap nearly doubles its video customers, solidifies its footprint, and once complete makes Charter the number two cable company in America. That is a game changer […],” said Mohr.

The last successful acquisition that the cable company was involved in was back in July 2013, when it acquired Cablevision’s Bresnan Broadband Holdings, LLC. However, this failed merger has contributed well towards increasing Charter Communications, Inc. (NASDAQ:CHTR)’s market capitalization as well.

Charter is up nearly 10% this year, and is trading around $160 right now. The stock is 2.5% away from its 52-week high, which it made in July this year. With the looks of it, a new high might just be around the corner.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!