FTR is/was a major holding for most (or all?) of the Helios family of closed-end funds managed by Brookfield Investment Mgmt. If you look at the last annual report for the Helios funds, you'll notice the following text several times: "The Fund was overweight in Automotive, Basic Industry, Capital Goods, Gaming and Telecommunications. (...) In the Telecommunications sector, Frontier [i.e., FTR] was the biggest driver of fund performance during the period." (Hint ... look on the bottom of pg. 2 of the document = pg. 6 in the PDF file).
Of course, the Helios funds are high-yield bond funds, and the securities invested there are most likely FTR bonds. However, the fact that Brookfield has invested such a significant amount in FTR must reflect on their overall health as a company.
FTR has gone down since 2004, and again since 2011. But look at the last 2-yrs. chart, and you will see where it is going nowadays. (As Sam the piano player in Casablanca says to Ilsa: "Yes ma'am ... a LOT of water under the bridge!")
"Just did a little research, and since FTR reinstituted its dividend back in 2004 I have received $9.875 per share in dividends"
Interesting sage, so the constant DRIP has been exactly the wrong thing to have done.
The dividend has been cut 60% in the last few years.
In the next 10 years you will be lucky to receive $4 in dividends. I don't see how you will (or your grandchildren).
Shows you what Maggie's deals have done for long term shareholders while she has earned the big bucks and gotten her millions of FTR shares, FTR's ability to pay dividends has followed its profitability down.
FTR is going to owe huge retirement liabilities to the rank & file and really big retirement bucks to Maggie & friends.
I would agree in a down market, however we're talking democrats here. They like talking the talk. Play along now. Remember Sage, the money has run out. Yes, I thought you were selling out? What did Maggie tell you to hold? You talk about cost basis, I for one will never do that again. We can talk offline if you want, however everyone I talk to is fed up w/this company.
Couldn't agree more. Properly managed it beats the heck out of a money market account, CD's, and whatever other safe instruments out there. I've been in with Frontier for about 3 years now and my return has been nothing short of stellar. Of course this is not always the case with all of my investments but I'm long for now.