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Frontier Communications Corporation Message Board

  • sage2123 sage2123 Mar 9, 2013 12:39 PM Flag

    FTR Investment Update

    Although I still believe in FTR's business model, some personal (health related) issues have happened recently in the family that has prompted us (joint tenants) to take action.

    We are now in the process of obtaining a Power of Attorney (POA) for control over the family trusts. The family met with an attorney ten days ago and the paperwork is being drawn up.

    Once this is done we will begin to wind down seveal positions for estate/tax reasons. This may take a year or two to complete. It may sound strange to some of you, but we really don't have a good idea of whats in the trusts, just a notion. These matters are never discussed, so I will need to go through alot of paperwork to determine just what is in them.

    Yahoo has announced that they are shutting down the message boards, so in a way this is all coming to a natural conclusion.

    Still not sure if the FTR investment will hit the half century mark (50 years), but its been a good ride.

    Sentiment: Buy

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