Gurufocus Article today - Altman Z-Score - post regarding Lumen Technologies layoffs

Gurufocus Article today - Altman Z-Score

article on yahoo from gurufocus:
https://finance.yahoo.com/news/lumen-technologies-lumn-too-good-154945051.html

Of course, the historical average in the last 10 years shows the company has been in distress the entire time, just less servere than right now.

"Altman Z-score of -0.95 is in distress zone. This implies bankruptcy possibility in the next two years.

Lumen Technologies has a Altman Z-Score of -0.95, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score = 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Lumen Technologies's Altman Z-Score or its related term are showing as below:

LUMN' s Altman Z-Score Range Over the Past 10 Years
Min: -0.95 Med: 0.66 Max: 0.93
Current: -0.95
During the past 13 years, Lumen Technologies's highest Altman Z-Score was 0.93. The lowest was -0.95. And the median was 0.66. "

Comment! It's anonymous!

4 replies (most recent on top)

Looking back, things really got significantly worse after the CTL merger.

Then with the L3 merger, it went from bad to worse.

Notebaert's big mistake was "saving" Qwest from bankruptcy. Kept the shareholders whole but ended up treading water for the next decade until CTL brought it. Pick your poison.

Three of the other four all can rely on their cell networks as well as their fiber infrastructure. AT&T was heavily mismanaged for years under Stephenson. We're light years behind all if them & don't have the technology or revenue streams.

The current situation we are in is from decades of lost battles. The best solution is to do an 11 reorganization to lose the debt. I don't support that since it ki-ls the majority of our retirements & pensions. These companies don't care about the stockholders or you & I. Only their golden parachutes for executives & board of directors.

If course, Verizon, AT&T, T-Mobile, Charter/Spectrum are all doing poorly also.

Just not as low as LUMN.

I doubt they can all be risk of BK.

(Verizon) - VZ 1.21 now, 1.51 median 10 year

(AT&T) - T .45 now, .96 median 10 year

TMUS - 1.23 now, 1.1 median 10 year

CHTR .76, .86 median 10yr

Thread regarding Lumen Technologies layoffs

Gurufocus Article today - Altman Z-Score

4 replies (most recent on top)

Post a reply