Finally, Charter Communications, St. Louis, Missouri, is rumored to file for bankruptcy soon. It is way past the 11th hour. This company may finally see the light at the end of the tunnel which is dark for the stock holders.
For months we have discussed this issue. Quite honestly it is surprising the issue is still discussed between us and the analysts in the business world. Bankruptcy is the smartest things the guys running the shop over there could do. Reuters is reporting a bankruptcy is around the corner. Charter, of course, is not publicly saying a word.
Now the next subject with this issue is where the service will go after the filing. The company still lives in a dream world. Last week Charter reported a new service of super high speed Internet for $125 per month. The speed is 60 mbps down link. I almost coughed and gagged on that one. This is a perfect example they are toast. Talk about timing. Introduce an expensive service in the middle of the second worse recession this country is experiencing.
Maybe it is just me. If my Internet goes out due to this subject you can expect to see a momentary outage of entries into this blog. 
