Thread regarding Commscope Inc. layoffs

CommScope receives downgrade as debt concerns remain

CommScope receives downgrade as debt concerns remain
Jan. 22, 2024 9:11 AM ET
By: Brandon Evans, Seeking Alpha News

CommScope (NASDAQ:COMM) was downgraded to Underperform from Neutral by Bank of America amid concerns about its debt load and worsening market trends.

CommScope carries the burden of $9.4B in debt with $1.275B of said debt due by June 2025.

"CommScope has about nine months to address its June 2025 debt before it turns current to avoid the risk of a going concern clause by the auditors, and management's plan remains unknown," analysts Tal Liani and others wrote.

Also concerning are changing market trends around two of CommScope's primary products, Connectivity and Cabling Solutions and Outdoor Wireless Networks. These segments provide more than 50% of the company's total sales. They were down 24% and 32%, respectively, through Q3 2023.

by Anonymous
| 1801 views | | 6 replies (last February 2, 2024) | Reply
Post ID: @OP+1qKkSkuJ
Comment! It's anonymous!

6 replies (most recent on top)

"Here's the context and perspective -- yet another professional outside observer who has analyzed our situation closely and concluded we are totally scr*wed." Now was that so difficult?!?! :-)

by Anonymous
| | Reply
Post ID: @8utb+1qKkSkuJ

Here's the context and perspective -- yet another professional outside observer who has analyzed our situation closely and concluded we are totally scr*wed.

by Anonymous
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Post ID: @7eyi+1qKkSkuJ

Kyle was way too busy firing people to work on refinancing debt. It’s a good point though because the prior cfo refinanced and paid off a bunch of debt. But he bailed out for a new job after just a few years, so he must have been much smarter than Kyle.

by Anonymous
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Post ID: @7yyg+1qKkSkuJ

What amazed me is that Kyle didn't refinance the debts while interest rates were low? Why didn't he at least reschedule the due dates so that they are not lined up like taxi cabs?
I think that CS must have a plan to keep the company going. They will want to cash in their options, so I think CS will survive.

by Anonymous
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Post ID: @2iqk+1qKkSkuJ

This is not a new news, way back at least 4 years ago, it has the same debt amount as today (or not more). This ship is sinking faster now, don't be lazy, get off it and make a better job journey!

by Anonymous
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Post ID: @zii+1qKkSkuJ

Thanks for adding context and perspective to your cut and paste.

by Anonymous
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Post ID: @mpl+1qKkSkuJ

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