Will Paul Allen save Charter Communications Inc.? Investors pounded its stock to an all-time low of $1.41 per share after the company
cautioned last Wednesday that the third quarter wouldn't come in quite as
planned. (Cash-flow growth is 0.7 points short of the 13.7 percent promised.)
Then Friday, the Street was furiously buzzing that CEO Carl Vogel
resigned. (Not true).
That then shifted to rumors that chief financial officer Kent Kalkwarf had resigned. (Not true.)
Now, everyone is waiting for the outcome of a meeting between Vogel and
Charter's mega-billionaire chairman Paul Allen this week in Seattle.
The long-scheduled meeting will have a new topic: Is Allen going to do
anything more than tease investors that he might throw new money Charter's way?