Well, no one posted the ER so here it is.
go2net.newsalert.com
<<SNIP>>
PR Newswire - March 11, 1999 18:55
TYLER, Texas, March 11 /PRNewswire/ -- TCA Cable TV, Inc. (Nasdaq: TCAT)
("TCA") today announced results for the first quarter ended January 31, 1999.
Revenues for the quarter ended January 31, 1999 of $105,398,000 were up 30%
over the 1998 revenues of $80,874,000, and earnings before interest, taxes,
depreciation and amortization ("EBITDA") of $44,113,000 were up 28% from the
1998 EBITDA of $34,387,000. Net income was $12,015,000 or $.24 per share, a
13% increase compared to $10,665,000 or $.21 per share in 1998. Per share
amounts have been adjusted to reflect a 2-for-1 stock split effected in the form of a
dividend effective July 15, 1998.
<<end snip>>
Appears to have been in line with expectations.
Here's a very good read about the cable industry from Smart Money. It was posted on Buffettology by chris mataka.
Message 8237305
ref. (TCAT)
<<SNIP>>
What's more, the stock trades at a discount to its peers despite having real earnings, a dividend and a lower
amount of leverage (which makes it a safer cable play in the event of a spike in interest rates). TCA is trading at
about 14 times Corcoran's 2000 EBITDA estimates while other cable stocks are trading at a multiple between 16
and 17.
<<end snip>>
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