I Think Frontier is selling at least Florida and Texas to Century Link. Be on the look out when the stock price starts climbing around 9 to 10 dollars . Deal will be done
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Just Maybe......If they sell off all properties and lease back ,it will make it easier to claim BK as they will have less assets and the extra money from sale will help with Dan's bonus instead of paying down debt
How stupid buy FtR stock They are trying to sell their Main COs in Tampa St Pete and Sarasota to lease them back.. The union contract is getting g negotiated early.. Just like in the VZ sale.. Let's see where sh-- show ends up..
stock rise was simply a quick reaction by the market to moderately good quarter results. FTR stock is coming back down to reality now.
Now that the stock is increasing. Does anyone know if the company still considering selling off some of its assets ?
It's not going to happen. To "flip" a house, you buy it cheap and fix it up, not buy it high and then wreck the place. Also, Yahoo can't manipulate a public stock in secret. They couldn't even save their dying company.
Been rumored for a few months:
http://stopthecap.com/2018/02/05/bloomberg-frontier-preparing-sell-florida-texas-california-service-areas/
I think, TX and CA are safe, they seem to be turning positive numbers from those states now. FL on the other hand, is a quick sand pit, no comin out of that one. The conversion was fumbled so bad theres no comin back. Management is now admitting to it, id say thats why its been stated they want to sell each property separately. Cut their losses in FL and id say FTR would be happy, other states might be a cherry on top, if they want to sell them that is.
I tried to tell Frontier to sell FiOS as a service years ago, but they didn't want what they had, at least the supervisor from Rochester didn't believe in it. Sorry to burst your bubble, buthow can Frontier pump up the stock in secret?
yahoo stock board has been talking frontier selling fiber
Where did you hear this? Generally, of course, no need to name names unless you want to.
Do you think all the FL and TX employees will also go over to CenturyLink? Usually that's the case but half my team is in TX and FL so just wondering! :-)