The main problem lies in its voice services strategy. What's more, Kennebeck says, the company must focus on what it will offer in its bundle, as well as the approach it will take with video on demand and interactive services. But the unit primarily needs to do a better job of defining itself as a modern cable company, he says. This is something they can overcome, says Minichiello. Broadband is still in its infancy, and there is tremendous cash flow potential.
Investors just have to be patient.