When the copper is sold off; Lumen stock will explode!
How can someone think that is going to happen? I recall at one time USWest stock was at *$86 a share when copper was the only material in the market. Since then this company has passed the CEO torch about 11 times from Sol Trujillo to Jeff Storey and currently holding below $6 a share. For stock newbies; you cannot see what MaBell, USWest, Qwest stock (was) because CenturyLink was an existing company when they acquired Qwest in 2012-2013. Therefore, you will only see CenturyLink's stock history (now LUMN).
We have seen DSLAMs for Qwest TV, USWest cell service, CenturyLink PRISM and about 6 other large misadventures that this company never took seriously and maintained. If they would have kept to one product (like cellular) we could be as competitive as Verizon wireless.
Now, all these competitors are jumping onto the federal fiber placement. Which is money paid (to them) to place fiber and expand. Plus, these competitors are selling to their own (New) customers for long term revenue. In other words, Lumen is not the only fiber offering company.
While the competition is placing; LUMEN is selling away their footprint and assets. They changed their name to a fat burning vape. Yeah, type "Lumen" in You Tube and a company with the same name sells a vape to burn fat. Post, Storey, and now Kate. Debt is still showing the same on the stock ticker, so they haven't spent any of that BrightSpeed cash to pay off debt (yet). Lumen offered to buy back stock. Which hasn't happened. Dividend was stopped.
If anything, I would say $7-$10 a share when all copper is liquidated.