Has anyone noticed that since acquiring the Centurylink assets Apollo’s stock price has doubled? What’s that say about Lumen management?
Yes I know Apollo invests in much more than telecom but after taking their money Lumen is still circling the drain.
6 replies (most recent on top)
If you form a new company with the least desirable territory, infrastructure and lowest income demographics ... that doesn't exactly make for a stellar new company.
Brightspeed must already be on life support and they never got anything truly off the ground.
Its starting to look like alot like a Brightspeed layoff here in Missouri.
I can tell you Brightspeed in Wisconsin is struggling there fiber builds aren't going as planned and they've offered volunteer severance to certain work groups.
To infer that brightspeed is doing great would be a huge stretch imho.
Similar to when Sprint spun Embarq off, thinking it would be unprofitable, as landlines and long distance charges went the way of dinosaurs, but Embarq soared while Sprint crashed. Ah the good old days when we had booming stock accounts.
That's what happens when mgmt and the board are mo--ns! In reality they should have split the two companies up.