Thread regarding Lumen Technologies layoffs

Glen Post did exactly what Clark Williams was doing all along. CenturyTel was always a sham built on buying yet another company. At some point the music stops.

"Honestly don't understand a $1.5B market cap for a company with $17.5B in annual Revenue and $1.25B in cash in the bank."
Sorry but the Lumn Q2 10Q (SEC filing by Stansbury and Johnson), says your data is incorrect. Cash and equivalents is $411M...only about $1B short of what you stated. Revenue was $3.661B which was down from $3.738B from Q1. Annualized that's around $14B. Long way from $17.5B. Free cash flow was negative $896M after discounting special items. What it's saying is that Lumen is continuing to lose revenue and they can barely pay their bills. They are still spending more for capital than their revenue can justify. Hopefully that helps.

Honestly don't understand a $1.5B market cap for a company with $17.5B in annual Revenue and $1.25B in cash in the bank. Yes, I know the reasons given - $21B in debt, no revenue growth, not currently profitable, still that valuation makes no sense to me.

If Glen Post wasn't going after the Glory,
CenturyTel would be in Great position right now. 😢

Thanks for the history lesson, but we don't live in the past but there here and now.

The article about the stock being at the '80s level is referring to the original Century Tel company market cap. This value was 1989. (look it up in Wikipedia) What it means is the acquisitions since then are effectively valued at zero. So Embarq, SAVVIS, Qwest, Level 3, Lightcore, etc. Companies that collectively were valued at roughly $200B at their peak, are now worth next to nothing. Level 3 alone was valued at $34B when it was acquired by CTL just a few years ago. The day USWest and Qwest merged they had a market cap of $100B. CTL acquired them for $24B. The current market cap of LUMN is $1.5B (assuming a $1.50 share price).

Shares of us west were 72.50 on January 1st 1985. Ya know, after divestiture. Those 14 states plus Nevada and Florida are now Lumen. So he-l yea, take us back to the 80s smart guy.

Was Lumen around in the 80s? Thought that was us west or ma bell depending on which end of the decade<<

Yahoo Finance has stock price data going back to Jan 1,1985 where it closed at $1.33. There were five 3 for 2 stock splits between 1988 and 1999 which would have turned 1000 shares in 1985 into 7,494 shares today. So that makes 1 share in 1985 equivalent to 7.5 shares today.

What happened in the 80's was inflation. Inflation is back. Companies cannot handle the dept with high interest rates. This is designed so some firms will not make it and will ship their work overseas. Another issue is still the supply chain.

Was Lumen around in the 80s? Thought that was us west or ma bell depending on which end of the decade

Incorrect grammer and spelling plus bad math, must be a member of the SLT!

Post from TheLayoff.com Yet there is -18 for your likes. Your math might be a little off.

stock price reflects investor confidence - almost ZERO!

Cut any residential product.

That’s a yes man there! Probably threw many under the bus, just to save his pathetic role! Ba-f!

Go team go!

Lumen only hires the brightest kool-aid drinkers!

i see same 4-5 guys are commenting here and all are negative. If you are not happy or have no hope they f..ck off ,leave the company and let them employees to fight with current situation. you are free to leave but if you stay then shut up and work b.tches.

$1.41 this thing is going down fast

there are a few who know something most of us don't

The company will turn around once we all implement the Dare to Lead strategy. The stock will be $30 in January 2025

I can echo this same sentiment!

"the stock price trend is basically representative of how I feel at work most days"

I believe that It's time to take this horse out back and shoot it. 🔫

But wait, let's redo our ERP systems first and maybe we could squeeze another book read in before pulling the trigger.

$1.45 🥸

the stock price trend is basically representative of how I feel at work most days

Face it, Kate's NorthStar has turned out to be a black hole, where even the light of Lumen can't escape(that's not saying much). I have an idea for a new company song: "Blinded By The Light" by Manfred Mann.

There's an old saying that even a dead cat bounces once. The debt is $28B, not $8B. Quantum is a bait and switch. Most of these same customers had fiber internet thru the ILEC. They just switched them to the IXC company. Overall internet customers are down and declining each quarter. Investment in Quantum is being curtailed since ROI doesn't exist. The balance sheet still carries $12B in fake assets (Goodwill and Other Intangibles). Still the real concern is the bondholders. If they believe the debt covenants are in default, this will lead to bankruptcy. The ship is going down. The only question is how fast.

Don't look at the stock price. There are many variable external factors beyond Lumen's control that influence stock price. Management doing their job instilling confidence in changes and growth. Despite that, investor confidence is low. Investors are not responding to the buzzwords & creative jargon, D&I, or book club participation. The dividend cut was the beginning of the stock price decline. After the divvy was cut, what appears to remain is, (and likely influencing investors) is declining revenue, a shrinking customer base & markets, increased liability exposure (class actions, debt covenant violations, lead cable repair costs, etc) , lack of having any clearly defined, exclusive product or service, to catapult revenue , against rising interest rates & heavy debt. However, balance sheet still looks good, & some investors could see this as great buying opportunity which could pump the stock soon. But likely no material change in stock without fixing underlying issues mentioned. Buckle up!

This will go bust

Interest rates going up. And we’re 8 billion in debt. Quantum is a joke. Mass markets and copper only thing keeping us a float.