IF Fairpoint actually finds someone to buy this mess, what would the buyer willing to pay?
Somehow this has a Market Cap around $477 million with an Enterprise Value near $1.4 billion when you factor in its $900+ million in debt.
I am almost 100% certain in this depressed wireline telco space FRP would not get what the Market has it valued at now even if they manged to find a buyer. There are much much cheaper companies currently in this space than FRP, why would a buyer want this headache?
OTEL reduced net debt by $5.2 million in 1Q/15 and made $0.65/share. Net debt will go under $100 million next quarter. Trailing twelve month EPS is now $1.79/share. It's stock price is now less than half of what it was two years ago when it had more than $20 million more in net debt.
Ho hum,another quarter, another loss. Why didn't they talk about EBITA and all the other nonsense.This is a POS. They way they are losing money hand over fist could lead to another bankruptcy. Third time will be a charm.