Hovering around 25 cents ALL day and BAM - plus 60 cents???? Come on?! Really?
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Frontier Communications said in a notification on Tuesday that its 10-K filing for fiscal 2019 with the Securities and Exchange Commission would be late. Frontier did release anemic preliminary results for last year on Tuesday, which could be subject to change once it completes its actual filing.
Among those results, total revenues for the year ended Dec. 31, 2019, came to $8.1 billion, which was down almost 6% compared to revenues of $8.6 billion in 2018. Frontier's net loss last year ballooned to close to $6 billion compared to a loss of $750 million in 2018. Frontier's earnings per share were a negative $56.80 compared to 2018's -$8.37. Frontier's stock opened at 24 cents per share Thursday morning.
Frontier said its consumer revenue was approximately $3.5 billion in 2019 versus $4.3 billion two years ago. Commercial revenue was $3.5 billion compared to $3.8 billion in 2018 while subsidy revenue declined from $383 million in 2018 to $369 million last year.
Why doesn't Mr. positive go screw himself
it's getting pumped to let some people get out with mitigated losses.
too little, too late
I believe...
I believe that we...
I believe that we will win!
Who remembers that BS?
As a coach, I constantly have my employees asking me financial advice. My answer is always the same, buy Frontier stock. This latest surge is only the beginning. Buy now before the price gets too high. This is a great time to be at Frontier.
Ok financial geniuses look at the after hours trading it’s already back down to 40 cents. It was one big massive trade that came in right before the bell rung (most likely by a big institutional investor trying to pump the stock back over a dollar to try to keep it from delisting). Looks like they failed and the stock is heading right back down to zero where it belongs. There is no interest in this stock.
I think it's because the sale of the Northwest properties is complete, and Frontier is getting some cash finally.
Folks, this is just what I’ve been talking about. Investors are starting to take notice in Frontier again. Our hard work is beginning to pay off. Stay positive and it will only get better. I’m proud of you folks!