" He said, “Two months into the integration, and I would describe this integration as, by and large, it has gone better than any one that we’ve done before."
I guess he has a short memory.
I would say the best one was Commonwealth Communications in 2009. It was only a $1 billion acquisition and rural. The real problem on that one was a $750 million addition to Goodwill.
The screw ups with the conversion will cost FTR subscribers.
Daniel J. McCarthy, Frontier’s CEO (chief executive officer), spoke recently at the JPMorgan Global Technology, Media, and Telecom Conference. He said, “Two months into the integration, and I would describe this integration as, by and large, it has gone better than any one that we’ve done before.” He added, “If you look at the billing systems, the ERP, payroll, HR, every part of the integration has gone exceptionally well. We’ve actually got through all of our billing, and out the door, we’re back on normal cycles with customers. And we’ve moved to the point now where we’re moving forward with a normal business rhythm around trouble tickets and service orders in the market.”
"so they can buy back at 4s..billionaires do not manage funds..others due"
Most billionaires and fund managers know the difference between do and due.
On the street son we call it a buyback so they made it one word for us.
But keep letting us know what the billionaires are up to.
I guess it's why the new FTR shares were sold at $5. Down the road there's that mandatory debt for equity conversion and another 15% dilution coming. And of course when FTR is below $5.25 old timers will recall that's a line in the sand Maggie drew back in November 21, 2011, from Forbes:
"Back on November 21, Wilderotter invested $251,989.67 into 48,000 shares of FTR, for a cost per share of $5.25. In trading on Thursday, bargain hunters could buy shares of Frontier Communications Corp (NASD: FTR) and achieve a cost basis 8.4% cheaper than Wilderotter, with shares changing hands as low as $4.81 per share. It should be noted that Wilderotter has collected $0.19/share in dividends since the time of their purchase, so they are currently down 4.8% on their purchase from a total return basis. Frontier Communications Corp shares are currently trading -1.72% on the day. The chart below shows the one year performance of FTR shares, versus its 200 day moving average:"
It tells me Maggie didn't know how much profit rich seasoned subscriber cash flow had already run off, because 5 months later in April 2012 the dividend was cut 47% from $.75 to $.40. Of course since then Maggie has gotten and sold millions of FTR employee shares.
Right now it's hard to see what is going on in normalized operations by looking at the financials since FTR had the securities on board before the deal closed. What will be very interesting to review is subscriber runoff rates between Q3 and Q4 this year. The stunning customer and line losses FTR suffered Q1 and Q2 2011 suggests that it may take 6 months or 2 quarters to see attrition peak. Since the transfer was 4/1 it will be September 6 months into the deal. So if history is a guide the Q4 FTR 2016 report will tell the story. The publicity surrounding the 4/1 cutover helped the competition. FTR is paying a purchase price to VZ for existing cash flow while competitors can offer discounts directly to FTR subs and acquire them for less.
I hope you are ready because I am about to tell you how I made A BUNCH of cash in the markets recently. Google “LionStockAlerts” and see for yourself…They have done very well for me
I see you like to have the last word. Okay I'll let you have it. I'll just say that in the future you should list the sources for your stuff. Just so it doesn't get too deep.
The truth hurts... doesn't old man. Your question was not challenging my credibility, Oh, No! It was your lack of depth in understanding and awareness of the situation of the purchase... only you own a rose colored foil beanie.
Just read (a lot) and follow along you'll find what I said was true. Or do you lack the mental capacity... you can't put 2 quarts in a 1 quart container. If that's the case.... you'll never comprehend.
Wait a minute khempie, I quoted my question whitch challenged the credibility of your blanket statement and also quoted your reply. You can't call yourself a liar. Is it possible you remember things thru a rose colored foil beanie?
And what do I get for asking a polite question?
You start mane calling.
That's the attempt to continue the dodge old man.
Time to man up and fly straight.
And mind your manners.
"As a board service I'll translate: kemphie is saying he makes stuff up and then posts it on the FTR board."
With that statement you are a boldface liar.
"If you have been reading and paying attention to the news stories from Fla, Tx, and Cal you'd have read and heard it for yourself... now you expect me to do your reading for you as well."
The above was the response to:
"Can you cite a public source so your claim can be verified? Or is this pure bloviation on your part mr khemprof1a?"
As a board service I'll translate: kemphie is saying he makes stuff up and then posts it on the FTR board.
If you have been reading and paying attention to the news stories from Fla, Tx, and Cal you'd have read and heard it for yourself... now you expect me to do your reading for you as well. You are a sorry, XXX. Ole now2000p needs his TV show "Car 54".... to find out where he is.
But we know that he is Toody the short, stocky, nosy, not very bright, and loud domineering wife.
Next you'll be scratching your watch and winding your butt. Pay attention!
".... however it appears some
of the equitment purchased in the this transaction action was not up to PAR or uncompatable with the frontier system."
VZ had systems that were far more contemporary than anything FTR had seen prior to the 1st VZ sale. They certainly were not compatible with FTR's antiquated systems.