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Fairpoint Communications, Inc. Message Board

  • otter04256 otter04256 Jun 11, 2012 3:12 PM Flag

    Who Said This Was Going To $15-25?

    Are there still any folks who believe this? I know a few on here were touting FRP awhile back. Uhh, kinda going in the wrong direction et wot?

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    • short position is now 5.16M shares... that is 20% of the entire outstanding shares of the company.
      quite amazing... if they could bring it to bellow $4/share I would love to average down some more.
      I hope you are doing well, Otter.
      This company does not seem to be walking down an unsustainable way (might be cashflow positive this year by a wide margin after the pension contributions, $40M debt amortization and $63M interest).
      Good luck to the company, its investors and its employees.
      I do not know how much true intrinsic value here is, but its quite a bit more than $5/share...

 
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