Thread regarding Crown Castle International Corp. layoffs

Jeffries Gets it and downgrades us

https://www.nasdaq.com/articles/crown-castle-downgraded-hold-buy-jefferies#

The firm believes the sale is less likely to be at an attractive multiple, “if it sells at all.” Press reports of valuations in the $8B-$10B range are disappointing, as they imply a 6-8 times EBITDA multiple, which would drive “material earnings dilution,” contends Jefferies. Further, it estimates a sale would likely necessitate a 15%-25% cut in the dividend to maintain a healthy payout ratio, and might be even more if the board decides to prioritize retained cash flow.

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| 1421 views | | 2 replies (last January 6, 2025) | Reply
Post ID: @OP+1jgpqz4v7

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This site is a funny. The real issues at Crown stem from the executives and higher-ups. The construction services "revenue stream" was never a smart move to begin with. It wasn’t the fiber that caused the company’s downfall; it was the poor decisions made by leaders who were more focused on appearing like trendy tech executives than making sound business choices. They sabotaged every part of the company and never bothered to integrate operations to realize any efficiencies.

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Post ID: @r4+1jgpqz4v7

Maybe cutting capital spending & reducing revenue in the fiber enterprise unit wasn't such a good idea when trying to unload it.

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Post ID: @d8+1jgpqz4v7

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