You mean like the reality that FTR has outperformed CTL, WIN, T, and VZ during the past 12 months? That is reality."
Were CTL, WIN, T, and VZ coming off a recent history of a 60% divvy cut, a huge underperforming acquisiton and debt rating cuts to junk that took those stocks to 10 year lows as well? None of those stocks had a slow motion crash which caused little guys to panic and dump FTR taking it sub $4.
On the day of the VZ Spinco reverse merger on 7/1/10 VZ was trading at about $26 and paying $.475 per Q or $1.90 and is now trading at $47.50 paying $2.12 -- FTR was trading at $7 back then and paying $.1875 per Q or $.75 and is now trading at about $5 paying $.40. Since the reverse merger FTR is down 29% on a 47% divvy cut while VZ is up 83% on a 12% divvy raise. That's a better comparison of VZ & FTR.