Time Warner Cable’s chief financial officer, Rob Marcus, made some interesting remarks today about competitor Charter Communications. Reuters has the report:

“Charter is an example of a situation when you really have to look at more than the stock price,” CFO Rob Marcus told the Reuters Media Summit in New York, when asked about rumors that Time Warner Cable may buy Charter.

“Even today at the level they’re trading — at pennies essentially — (Charter) is still trading at an enterprise value that is probably double the enterprise value of Comcast or Time Warner Cable,” Marcus said. “So that tells me it’s not cheap at all.”

Marcus goes on to say that Charter’s huge debt load would be difficult for any acquirer to swallow.