Charter (CHTR) Gives Away $40 Million In Gas

Yesterday, Charter Communications (CHTR) said it would give up to $100 in gas to all new subscribers or existing subscribers that make some upgrades to their service packages.

Investors are worried that they'll lose more money on this.  Today the shares are off 7% after a rapid sell-off early this morning, so the company has given up $40 million in market cap.

Gas has gotten expensive.

Douglas A. McIntyre