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Frontier Communications Corporation Message Board

  • coin2011 coin2011 Feb 15, 2013 11:12 AM Flag

    What explains the unusal trading on the 14th?? Someone knows something, I think we are going lower??

    Anyone??

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    • burnaka@sbcglobal.net burnaka Feb 15, 2013 11:44 AM Flag

      Double whammy, third down grade with below 4.00 PT, GS, Macquarie, and yesterday, Citi. The volume the last two days, and the 12% drop from 4.65 was shorts piling on because now the brokerages are ganging up, and saying bet on it. That and CTL cut their Div after their earnings report. If you read CTL earnings report, they have a ton of levers, TV, cloud, which all grew, which ( slowed revenue decline,) Line loss was still near 2%. FTR has no such levers, it is easy to connect the dots. Ftr can cut cost to keep eps., but for how much longer???

 
FTR
4.72+0.09(+1.94%)Jul 31 4:00 PMEDT