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?
An on point post, reposted from @hvs+1rSrh3eL.