Sunflower Cablevision Deal Should Bolster Knology, Gilford Securities Reports

The sizable Sunflower Cablevision deal for a legacy cable system without competition [closed Oct. 15th] should bolster Knology, Inc.'s KNOL metrics, Gilford Securities reports. “KNOL's $112.9MM in Q3A rev. topped Street's $111.5MM and its $38.3MM EBITDA met $38.1MM consensus,” Gilford Securities writes. “We were surprised, as an ex-cable exec, that KNOL averages about $134 rev./mo./customer. That is towards higher end of $105-150 avg. rev./mo./customer range for legacy Cable.” Knology currently trades at $14.23.