I am an investor and I have a huge portfolio. One of my higher invested stocks is Home Depot. I shop at Home Depot, I know what they offer in the store, online and outside of their company. I receive their quarterly report and their company mailings of upcoming events and products. We all know what Home Depot offers. You do not need to be an investor to know what they sell.
What the heck does Lumen offer?
Nothing is advertised, so does that mean you only know Lumen by word of mouth? I have not seen a single Lumen commercial for anything. Is it because Qwest - CenturyLink have monopolized areas that a business owner only calls Lumen because no one else is around? Lumen is not a commodity like Lumber or Orange Juice / company with a consistent material. Half the company is old legacy and half is fiber. If you cut legacy away; then what? Do we go door to door with leaflets asking larger businesses to jump onto our fiber? Is Lumen going to advertise to Large Businesses only?
I understand people posting here hate legacy or copper. We have competitors that are (also) placing fiber and still embracing their old technology. I am watching the trading with Lumen stock and it's more investors leaving with the "shorts" cashing out. There is very minimal gain... hence the reason the stock price is falling. Feels like a play and people are walking out but the actors are asking people not to leave and to stay in the theater....as if the play is going to get better.