Depends on your definition of SERIOUS. There is roughly 200 million dollars worth of the notes outstanding. There will be 10,800,000 shares issued to redim the notes. That is a little less than 5% dilution.
The stock hit a new 52 week high AFTER they announced the redemption. Appearently the news that Scott was retiring more than made up for the 5% dilution.
Contract is probably with one of the shell companies that the NSA controls. Only news today and LVLT is up over 2%. Nice to have a customer that doesn't have to justify expenditures.
The NSA has an enormous budget. LVLT may have an unreported contract to sell them services.
You haven't addressed the issue. Your statement "It always happens about a month after each quarterly loss report." is either a delibrate fabrication or you don't know how to read a chart. Which is it?
Buying fiber makes sense for Google as it rolls out high speed test areas. Buying a telecom compnay does not. Level 3 is a neutral telecom company -- that is it does not directly compete with its customers. Google is a direct competitor of many of Level 3 heavy use customers. Do you think they would stick around if Google -- a competetor that is known to favor its own products in search -- were to own Level 3?
Still trying to start the same rumor. Level 3 has been in the "about to be sold" state for ten years. Has it been sold yet -- no. Is it likely to be sold in the next year -- no.
On SeekingAlpha -- cannot post link.
Transferred most of his shares ot a family charitable foundation:
Actually, what they are doing is reducing ongoing expenses (interest) by taking a special item hit (cost of extinguishing debt).. Each of the refinancings improved their bottom line going forward.
Est. EPS ($)
(Ends 12/31/14) 0.41
Of course, the problem with that, assuming they actually achieve 0.41/share for 2014, is that if you multiple it by 20-25 (the P/E ratio for their industry group) you get a stock price of $8.20 to $10.24. The stock is currently trading at a forward P/E of around 75.
I don't know who you contacted but the investor relations contact said he had received cash for his shares on Friday, October 11th, since he tendered them. People that tendered their shares have already received the cash.
People that did not tender are in limbo.
All outstanding shares have been converted into the right to receive $8.50. When does that become effective?