Core Insights - LRT Capital Management's "LRT Global Opportunities Strategy" reported a net return of -8.00% for September 2025, with a year-to-date return of -0.17%, indicating a challenging month due to market dynamics [1] - The strategy employs a systematic long/short approach to generate positive returns while managing downside risks and maintaining low net exposure to equity markets [1] Company Overview: Charter Communications, Inc. - Charter Communications, Inc. (NASDAQ:CHTR) is a major broadband connectivity and cable operator in the U.S., providing services under the Spectrum brand [3] - The company reported a one-month return of 5.13%, but its shares have decreased by 17.23% over the past 52 weeks [2] - As of October 7, 2025, Charter's stock closed at $276.48 per share, with a market capitalization of $37.765 billion [2] Competitive Position - Charter's business model is supported by a robust hybrid fiber-coaxial network infrastructure, which serves as a competitive advantage [3] - The network reaches over 57 million homes and businesses across 41 states, providing Charter with significant scale and a durable position in the telecommunications sector [3]

Core Viewpoint - Charter Communications' CEO Chris Winfrey presents a positive perspective on tariffs, contrasting with other CEOs who express concerns about their impact on business forecasts and consumer behavior [1][3]. Company Overview - Charter Communications serves over 57 million U.S. families and businesses, with a 100% U.S.-based workforce, emphasizing a preference for American-made products when competitively priced [2]. Financial Outlook - CFO Jessica Fischer states that tariffs are not expected to significantly impact Charter's capital expenditures, maintaining a guidance of $12 billion in spending despite anticipated tariff effects [3]. - Charter reported total revenue of $13.74 billion, exceeding expectations, although earnings per share were $8.42, below the consensus estimate of $8.69 [5][6]. Customer Trends - The company lost 60,000 internet customers and 181,000 video customers in the first quarter, an improvement from a loss of 405,000 video customers in the same quarter the previous year [5]. - The integration of streaming services like Max, Disney+, and Peacock into Spectrum plans is seen as beneficial, with a net value to customers estimated at over $80 per month [5]. Industry Context - Other media companies, including Comcast and Netflix, report minimal concerns regarding tariffs, indicating resilience in their business operations [3][7]. - The upcoming earnings reports from tech companies, particularly Apple, are highly anticipated as they may provide further insights into the impact of trade tensions with China [7].