Bought $35 and $37 Puts in December waiting on earnings report so will do well tomorrow in market.
Hope they get all straight but looking at the numbers they really have some long-term issues. Mainly debt and with the plan to repurchase stock the next two years debt is not going to be reduced.
My main reason for shorting CTL was that with the Embarq and Qwest mergers were so large and the two were the worse performers in telecom,reason they sold out, and merging them will not somehow make everything great.
It will also show that CTL is not as good at integration as been reported.
Fitch already downgraded CTL to BBB+.