Which segments of the company will the management be most eager to sell at this point? Any thoughts?
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I think CAF money poses a dilemma for them, because they want out of consumer, but have already spent the CAF just need to finish cooking those books.
My sources say there are buyers but not at the price management wants. Asking top dollar for some sh--ty biz is not going to fly these days.
Only a fool would think things are ok here. Top level execs bailing before they go to jail for lying about earnings/stock value. Class action lawsuits and lawsuits by the federal government that will cost us millions. Customers leaving faster than ever due to poor publicity and Click/Max. Personnel bailing due to piss poor working conditions and no security. Cuts cuts and more cuts so the place barely functions.
Go look at Yahoo finance, insider trading and see who sold off all their stock recently. If you have eyes and even half a brain, you can see things are not good here. It's the people who bury their head in the sand and pretend all is well, that will take it the hardest when the ship goes down. They won't be able to figure out what happened, because after all, the angry old techs couldn't have been right all along, could they?
We just got an email in Texas stating no more standby and call out by seniority. There's goes my gas money.
Yeah stupid new guys and hoping for a promising future, how stupid it that? We need to just be negative and wish for failure, maybe just walk off the job and hope the place burns to the ground. Because to only good news on here is bad news.
And there are still some of these young guys that still think all is well they just don't get it. I don't see how anyone with a brain can not see where this place is headed.
SD-WAN is the future of CTL . They will be local network agnostic as long as it's fiber end-to-end.
They just want to be a transport business. And I think it ends badly for the Consumer side regardless of if someone is dumb enough to buy it or it is left to die off like is happening now.
Well, here is how this will go. It is a win-win for Storey. The try to polish and sell the turd. Nobody is dumb enough to buy it. Then, they file with the FCC to get out of the copper business because it's not profitable, they can't afford to rehab the outside plant, and they tried, but nobody will buy the turd.
The FCC will approve the deal and many smaller companies will buy bits and pieces of the copper business for pennies on the dollar, and Storey will be in the fiber business.
Another likely scenario is they form a holding company like Sprint did with Embarq, and do business on the consumer side under another name till they split it up and sell it off. Or just flat go out of business after bankrupcy.
https://www.fool.com/investing/2019/05/11/centurylink-loses-sales-again-and-contemplates-off.aspx
Wallstreet wants CTL to reduce debt. Sooooo they are going thru this cat an mouse show to try to sell consumer. Maybe they will maybe they wont. Spin off, outright sale or they don't do anything and keep this turd. Whatever happens they can say they tried.
Remember people just because you want to sale something doesn’t mean you’ve got a buyer. Who’s going to purchase just the local networks?
Local - Too expensive to maintain and too regulated. Easier to obtain local access from local service provider, whomever that is. Services/products are king.
Anything that requires maintenance and Employees in the US, they want to seemingly be a distribution of Internet product over fiber and that's it.
But at first anything that has copper and needs Cable maintenance, they can get rid of most their OST with copper, Garages, Trucks and the upkeep there, sell off those property's for more cash for the desperate cash strapped Board of Directors and Executives I mean they have to be able to afford all those Greens Fee's and caddies. This will also allow them to get rid a lot of the support people needed to manage the loads etc.
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