To the id--t calling everybody here clowns, if you have nothing productive to post then get out of here. Everything posted about HN has been spot on. They are profitable but poorly managed and treated by CS. So why don't you get a life instead of insulting others who are genuinely stuck in this mess.
17 replies (most recent on top)
I got caught up in a lay off because I’m an older white male just trying to make it to retirement. Most is very accurate except for the clowns pretending they know HN and Arris saying neither is not profitable. I know they are and have seen the exp allocation process mentioned and it is BS.
I have moved on and so much better with less stress and BS to deal with. I just like watching Commscope tank. They are getting what they deserve. I watched many people there climb the ladder of screwing others over and become if professional paper shufflers while taking credit for others work and ideas. Fortunate, a few have been “forced” to seek other opportunities… lol. People need to step outside their comfort zone and live, everyone there should be looking to move on so all the kiss ups can produce nothing while they pretend they have a clue. Just know you can and will be outsourced or offshored. The politics and related stress at Commscope will ki-l you. It’s not worth it.
There are so many clowns on this blog who post nonsense and have no idea what they’re talking about. Literally making s—t up. There’s a special place for you.
Regarding HN and knowing CS, they acquire Arris and then strip out the most profitable PL and then people talk sh!t about the fact it is not profitable, where is the logic there? On top of it all, CS was prepared to saddle it with much BS and debt it could legally hand off hitting the bottom line even more. It’s not that HN isn’t profitable, the old Arris was, but then CS picks out all the green m&m’s and says go make more for yourself these are ours now.
With very significant operations based in China and India, how long before it impacts CommScope more since they are China and India are aiding Russia in circumventing the “sanctions”.
https://www.livemint.com/politics/policy/russia-india-explore-opening-alternative-payment-channels-amid-sanctions-11647371750761.html
Again- if home networks was such a great company, why were people worried it would not be able to stand alone? Why did people jump ship once told they were being sent to the home networks division? Why were there no buyers or interest when CommScope announced a spin off?
Please help me understand
this is not an investment site, so my only comment on this bc this is not the place for it, he was also awarded 78,400 shares which he exercised on March 1 at $0 cost. The entire suite were awarded $0 cost shares, It’s free money and brings their avg cost down.
What did he or any of the others actually do to earn free shares….. not a darn thing. The only point was to lower the avg for all the shares the board and suite were asked to buy to show confidence. Something is cooking
Last poster is correct. He's not only bought some last week, but bought 65,000 shares last Nov.
So why did Bud Watts, the Carlyle guy on Commscope’s board, personally buy stock last week?
HN had high earnings low and cash flow but low margins long before CommScope acquired ARRIS thanks to some horrible decisions by BM against the advice of LR. The debt CommScope took on to buy ARRIS was a mistake at the time and looks even worst now. CommScope thought they could soon HN off and saddle it with acquisition debt. Now CS has soo much debt Carlyle Group wouldn’t think about taking them private unless stock prices get below $2 (which is probable at this point).
@2cps+1fG57K4c an excellent summary of Comm's serial bungling.
"Who is going to refi the debt without higher rates due to higher risk"? is an excellent question and goes to the heart of the issue. Namely, will the company survive with the current cash on hand? One cannot rule out cash being raised by issuing stocks, thereby massively diluting existing shareholders. From my perspective, the recent insiders stock purchases are an hail Mary attempt to signal their confidence in the future of the business with the hope that the falling SP will not arrive in China via that newly dug ho-e before the outsourced jobs arrive there.
Commscope has a long history of overpaying and mismanaging acquisitions. They pay $2.6b for Andrew and write off $500m at the end of the year not to mention the PL sell offs during the following years they failed to operate effectively. Pay $3b for BNS, 10x EBITDA, and write off more and failed to realize cannibalization of like PLs and BNS adds very little to Rev and NI. TE laughed all the way to the bank. Then their egos get in the way for Ruckus and they offer Arris a deal the shareholders would be stupid to not accept. Now they are overextended, clueless and want to point fingers and play the blame game. Sounds like LGB… lol. CF is stressed, and terms on the debt are coming due. Who is going to refi the debt without higher rates due to higher risk. Its great to watch CS flounder as they crash and burn.
People need to leave before they are outsourced to China or India.
“ If HN What is so profitable as you guys say, why did no one try to purchase it? Also why did a lot of people jump ship and they were told they were going to that side? Lol you Arris guys are delirious”
Apparently you are a d-mba$$ and failed to even look at the historical ERs before CS purchased. They were making money, and their stock price was higher then CS at the time of purchase. HN is still making $, just being saddled with CS allocating BS expenses making there failing BUs look better then they really are. Lol u are a dope.
If HN What is so profitable as you guys say, why did no one try to purchase it? Also why did a lot of people jump ship and they were told they were going to that side? Lol you Arris guys are delirious
Arris beat CS to Ruckus and their egos couldn’t take it so they bought Arris just to get Ruckus having no clue ab any part of it. CS has a long history of making stupid acquisitions and paying way to much for them, Andrew, BNS and then Arris, not to mention all the small purchases they made in between those and all had significant write-offs. I believe Cable Exchg is the only small acq that is still operating and last I heard they are still treated like a step child.
All they know is cable and they fell into that when the company started with superior cable. They have never been #1 and as competition grows they lose mkt share.
Here we go again blaming HN for Comm's current woes!! HN was making money and was a significant part of Arris' annual revenues. HN only started to be loss making after it was acquired by Comm who doesn't appear to know how to keep it profitable because their experience appear to be limited to fiber. I've been struggling to figure out why Comm bought Arris if they didnt plan to use it to strengthen Comm's overall business? Acquisitions are meant to be exciting, and normally present the opportunity to expand market coverage. Instead, all we've heard since the acquisition is poor us, HN is ki----g our business because we dont know how to turn it around. Not fair to blame HN for management lack of vision.
It came with the whole Arris package. I believe they were only interested in Ruckus.