Lumen/CTL has now lost $2 billion in market cap since the name change in early September.
Stock Price closing in on the Covid-19 low in March.
13 replies (most recent on top)
Laid off LITERALLY end of the month after all of my hard work AND right before the holidays. NO warning whatsoever for me or my family.
Our stock usually goes down when the market goes down. But market is up slightly and ctl, lumn or whatever you want to call it is still going down. Great job management. You a55hole5.
Down another $500 million today.
$2.5 Billion market cap lost since early September.
Where are the Level 3 sycophants that a month or two ago were singing Storey’s praises (aka Tom Brady)? The ones that kept arrogantly pounding their chests about L3 leadership while demeaning Centurylink? Awful quiet these days, meanwhile plenty were sounding the alarm about the incompetent leadership in over their heads. Well, here ya go. A return to normalcy for much of Level 3’s history....aka, $5 stock and cr** performance and vision.
Well done, Level 3 and the board that enabled this to happen. Well done.
No one is buying the Lumen head fake.
That’s exactly why you take the RIF! These people aren’t even no place to look after your career or family! They are out for themselves! POS is an understatement! They are crooked and don’t know what they are doing! You can’t even get a pizza for that stock price! What a shame as people believed in them! Shame on them!
deploy the golden parachutes .... management has sold out this POS company that they destroyed ... ready for Microsoft or google to buy it out?
'If the Company doesn't file for bankruptcy at some point I will eat my stetson! the leadership (not just Jeff) are way put of their depth.'
I don't believe we'll see bankruptcy. They'll just keep restructuring the debt until retirement.
I believe Jeff and Co know exactly what they're doing by devaluing the company. This makes it more attractive for someone to swoop in and buy us up, keep the good bits and sh!t can the rest.
Nobody likes that answer, but I do believe that's what's happening.
If the Company doesn't file for bankruptcy at some point I will eat my stetson! the leadership (not just Jeff) are way put of their depth.
Executives feel that sting in their pockets! If they have to suffer so will everyone else. That’s how arrogant and pompous they are! I hope it goes to zero soon to make them finally all get fired by the stockholders! That’s the least they deserve for bad decision after bad decision! Their bad decisions have cost a lot of people pain! Karma!
Surprised it's not under 2 bucks it's very overinflated. The only actual value is the plant they gave up on cause they couldn't see value in it. They have to be able to sell and service that fancy fiber that they bought. They tell customers no way too much. They don't know customers fire you when their service goes down and stays down. You have to value all your customers to keep most these days. I think back to sprint pcs telling customers that complained about anything that they were not wanted and to go somewhere else. Learn from history they can and will and they take a bunch with them when they go, then you are at 2 bucks for years.
Chapter 11 Reorg.!
Sounds like they are setting up to sell! Wow! 8.96 at the close! Ouch!