Charter (CHTR) , like Nortel (NT) , can't seem to do anything right these days. The company said that it fired its COO this morning, which means we can likely assume Charter will post another crummy quarter.
Why not sell it here at $3.03? I am beleaguered by the stock. But I will sit here and watch the price crumble in the short term, because, like Nortel, I know Charter will have significantly improved a year from now. And the stock will likely be trading up at $5 or higher.
Regards,
James J. Cramer
DISCLOSURE: At the time of publication, Cramer was long Charter and Nortel.