{"id":525908,"date":"2010-04-13T09:14:00","date_gmt":"2010-04-13T13:14:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:422374"},"modified":"2010-04-13T09:14:00","modified_gmt":"2010-04-13T13:14:00","slug":"cogeco-cable-subscriber-guidance-very-conservative","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/525908","title":{"rendered":"Cogeco Cable subscriber guidance &#8216;very conservative&#8217;"},"content":{"rendered":"<p><a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=CCA&amp;id=97582\" >Cogeco Cable Inc.<\/a> may be able to spend an estimated $700-million to $800-million and still being able to keep its investment grade rating, but don\u2019t expect an acquisition anytime soon. Management stated it is not currently considering the purchase of any specific asset and does not expect to see many M&amp;A opportunities.<\/p>\n<p>Phillip Huang at UBS noted that Cogeco looked for approximately two years before announcing the acquisition of Portuguese telecommunications operator Cabovisao in 2006, when M&amp;A activity was much more active. The analyst does not foresee any deals in the near term.<\/p>\n<p>In terms of the company\u2019s fundamental business, he continues to see improvement. Cogeco\u2019s suburban footprint in Ontario and Quebec makes it less exposed to IPTV (Internet Protocol television) competition and wireless substitution relative to its more urban-focused peers, Mr. Huang noted.<\/p>\n<p>He pointed out that Cogeco\u2019s raised subscriber guidance remains very conservative and estimates approximately 250,000 revenue-generating units (RGUs) will be added in fiscal 2010 (guidance is 200,000).<\/p>\n<p>The analyst also raised his 2010-2012 earnings per share estimates on the back of Cogeco\u2019s good <a href=\"http:\/\/www.financialpost.com\/story.html?id=2777799\" >second quarter <\/a>results. UBS rates the stock at Buy with a $46 price target, representing upside of roughly 25%. <\/p>\n<p><a href=\"mailto:jratner@nationalpost.com\">Jonathan Ratner<\/a> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=422374\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cogeco Cable Inc. may be able to spend an estimated $700-million to $800-million and still being able to keep its investment grade rating, but don\u2019t expect an acquisition anytime soon. Management stated it is not currently considering the purchase of any specific asset and does not expect to see many M&amp;A opportunities. Phillip Huang at [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,14],"tags":[],"class_list":["post-525908","post","type-post","status-publish","format-standard","hentry","category-news","category-telecom"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/525908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=525908"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/525908\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=525908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=525908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=525908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}