Word on the street is CTL is going bankrupt? Anyone know more?
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They are buying because they are about to unload consumer, which will give a bounce, and then sell.
So that after the declaration of BK, they can re-organize and re-structure it all to suit their needs at which time they will be majority stock holders and therefore fully in charge of the Helm
Why would Storey and others buy all the stock they can if they plan to bankrupt the same company they’re buying the stock from?
Yes this is a concern. CTL hired outside advisors ( Lawyers). bankruptcy will be part of the conversation. My advice? Cash out and get I out.
Get back to Work Gloom and Doom and remember the Old Days? I KNOW YOU DO ...hows that overtime these days? Hows not having that cozy lil hamlet, and now have to work places you've never worked? yeah you know the truth your simply in denial...youll take the next VSPP ...Because there will be NO MORE riding tickets like donkeys ever again
Greed corrupts all. Destroy everything for another dollar in there pocket and a nice new headquarters in sunny all year round Miami.
You don’t go bankrupt generating $3 billion in free cash flow a year.
I did ………….the best thing I have ever done was take the early out and cash out . my stress is gone blood pressure dropped 50 points. food stays in the stomach. no more Lying to customers on the behalf of the illustrious a$$holes in charge bonus money in bank and pension on the way …… I called this 3 yrs ago ! Everyone said I was crazy didn't know what I was talking about....uh huh ? How's that sh&t going for y'all now? How about that direct lack of overtime, which y'all have become accustomed to? Loss of Bonuses' ? Being pressured to find ways to lie about your work to coincide with MAX. …..lying about how long things take, lying to customers about chronic's that are 2 yrs old. How about the most important lies...….The ones you tell yourself daily in order to keep coming here to work for these scums? Level three Merger my A$$ seriously if you are a simple Copper T&R Jockey read between the lines the fat lady is singing...when she stops so does it
Time to take lump sum and pension before the ship sinks and we wind up with 40% or less.
Morally bankrupt yes. Financially no. The transport side is making money. All capital projects are fiber and transport related. No money is being spent on copper whatsoever. They are just waiting for the brain trust they are paying millions to, to come up with a plan to shut down, spin off or sell off the consumer side of the business. We lost six billion last year on the consumer side and they are going to stop the bleeding one way or the other.
Look for other big changes in Real Estate and Building Maintenance areas too. The days of traditional pay raises and everyone in a job title being paid the same are over too.
New hires as far as techs will all be hired as either company employee/permanent temporary or contractor. The days of hiring in as a regular full time employee are over.
By the time end of first quarter next year rolls around, this company will look totally different. Things are playing out exactly as the new all level 3 management wants them too.
Sinking? Where have you been? This b--ch is on the bottom and everyone is bobbing on the water waiting for the coast guard to pick them up before the sharks get them.
Yes, Storey and Trezise bought a pile of stock....with company money you can be assured. What better way to make us look like there is hope. Oh look, they must be ok if the CEO and other big sh--s are buying stock. See, they have faith. Yeah, right.
Forced bankrupcy? Probable.
CTL made billions last year even with all the problems.The stock price is down, and Storey has bought up a whole lot of shares recently.Looks like the level 3 crowds trying to buy up as much stock as they can, drive the company into bankruptcy, reorganize/remake it into their own vision of a data type of business.Smells like a planned bankruptcy to me.