04/03/2024 CommScope, Lumen Technologies and Dish Network are facing extremely difficult financial situations and may pursue some kind of restructuring – including bankruptcy
4 replies (most recent on top)
"Didn't Lumen just complete a full restructuring of their debt with creditors? How could Lumen be in distress if they just punted that debt ball out about five years?"
Does this statement not answer its own question?!?! Chew on that for a minute...GFG peeps!
Didn't Lumen just complete a full restructuring of their debt with creditors? How could Lumen be in distress if they just punted that debt ball out about five years? Bankruptcy seems unlikely. They'll just sell off stuff and then look for a buyer for what's left. Lumen has a lot of fiber but they just don't know how to sell it and support is horrible. It really needs to be thinking more like Carrier vs a Technology company. Lumen does not have the skillset to be a Technology company. Investors just need to go ask the company how many things it pumped money into trying to make a new Technology service and how many of those things did they fold up and toss into the trash wasting a ton of cash. The company also burned a ton of cash rebranding itself several times. Why did it need to rebrand itself so many times if the products are all exactly the same? Perhaps new colors and new fonts is to trick the markets into believing it's a new fresh company?
Let me guess, Debtwire has a huge short position on these three companies.
Release bad press. People sell. Stock goes down. They make lots of money.
Its a tale as old as the crooked US Stock Market.
CommScope, Lumen Technologies and Dish Network are facing extremely difficult financial situations and may pursue some kind of restructuring – including bankruptcy – as a result, according to ratings and analysis company Debtwire.
All three companies earned a ranking of 99 out of 100 on Debtwire's Likely to Distress (LTD) scoreboard.
"Debtwire's LTD score is the industry's first predictive score on leveraged corporate issuers and their likelihood of becoming Stressed, Distressed, or entering a Restructuring," according to the company. "The LTD score allows credit investors, sell-side dealers, and advisors to source new financing, restructuring, and trading opportunities by systematically tracking and predicting when corporate issuers will move through the Leveraged Corporate Lifecycle."