Cable One, Inc.

Analysis for Ticker: CABO

Cable One Inc sells internet and cable television to 1,1 million customers in rural towns using brands like Sparklight and Fidelity Communications. The current math is a catastrophe because the company is pretending to make money while the business actually bleeds out. In the first quarter of 2026, they claimed a profit of 35,7$ million, but they only got there by selling 26,6$ million of their fiber network rights and using accounting tricks on their debt. The reality is that they only made 86,6$ million from operations, which is not enough to pay the 68,4$ million needed to keep the network running plus the 30,2$ million they owe in interest. They are losing customers every day, with residential data subscribers dropping 6,1% in just one year. This is a disaster because they have already spent their cash and are now maxing out their credit cards to pay for old debts and executive bonuses.