Looking at 6 months earnings as of June 2017(see the 10-Q filing), "old Centurylink" selling, marketing, administrative costs ran 20% of revenues, higher then prior year, while year on year revenues dropped 5.7%. Yes dropped! Prior year was 18.7% of revenues. That's crazy. The trend from 2015 to 2016 is poor as well. Wouldn't be surprised if that is a huge chunk of cash flow opportunity that the new management from Level 3 saw.
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