Some people will just not admit victory.
FTR is on a roll and that will continue when they are awarded CAF Phase II funds.
T and VZ don't benefit much from these since their penetration rates are already in the low 90's.
FTR's is in the high 80's, so it use CAF II funds in a meaningful manner.
Given Maggie's propensity for deals we should see another one announced within the next 18 months or so.
The numbers don't lie.
Oh yes, and $0.40 in dividends on top of that.
FTR has shown the market that it can successfully do deals of any size, over and over again. Line losses are leveling off. Some focus too much on this runoff, since the future for telcos is HSI, bundling, cyber and home security, etc. Much of the perceived risk of execution has evaporated as FTR does one deal after another, and does it well.
One poor misinformed poster even said that FTR wasn't a telco, but in fact FTR is one of the five largest telcos in the country. T, VZ, CTL, FTR, and WIN are the five largest, so please get your information straight before you embarrass yourself on this board. Others think that of FTR's 15,000 employees that there is no experience between them, but that is also not the case. FTR has thousands of employees with decades of experience in the business.
I never said FTR was the best investment out there, nor said that it should be the only investment in your portfolio.
My investment in FTR began in 1965 and it has performed well over the almost 50 years since. Their business model was always profitable, which is why I kept reinvesting the dividends. There are now thousands of additional shares purchased when FTR was trading in the three's and four's. Dollar cost averaging at its best.
And the recovery rolls on.....
All 198 Alco Stores, including 23 in Kansas, are shutting down.
The beleaguered company that used to have its headquarters in Abilene filed for bankruptcy early last month.
The U.S. Bankruptcy Court in Dallas on Thursday approved an order from the company’s creditors to close all Alco stores.
I was with AT&T for over 12 years with Uverse triple bundle ???
Sorry, but Uverse has only been around for six years.
AT&T Inc. announced its plans for a fiber-optic network and Internet Protocol television (IPTV) deployment in 2004 and unveiled the name "U-verse" for the suite of network services on January 6, 2008. Beta testing began in San Antonio, in 2005, and AT&T U-verse was commercially launched June 26, 2006 in San Antonio. On December 22, 2008 the product debuted in Birmingham. Later in 2009 the product launched in Chicago, San Francisco, Hartford, Indianapolis, and other cities in their vicinity. On January 25, 2010, AT&T announced that U-verse was available to over 2.8 million households. Later that year, U-verse was launched in Milwaukee, Dallas, Kansas City, Detroit, Los Angeles, Cleveland, San Diego, Oklahoma City, and Orlando.
FTR is offering $50 credit to affected customers, but it is frustrating for the few of you that there are.
Migrating a million customers onto a new platform has its challenges.
Windstream Corp. announced it would downsize its workforce by 350 employees – the second time the Little Rock-based telecom has cut jobs in the past year.
In February, Windstream laid off 400 employees across the U.S., including 67 in Arkansas.
You need new friends buckwheat, since the ones you have are liars.
From the news article....
Frontier said it switched over 415,000 data connections and 875,000 voice and video links, with 99 percent being converted successfully. "There were some system problems that couldn’t have been anticipated, some problems with code" affecting the remaining customers, Frontier Connecticut GM Paul Quick told the newspaper. Frontier said that fewer than 10,000 customers were affected, but some of those have been vocal on Twitter:
And to think they are only half way to their cost cutting....err....store closing goal.
That's something in the range of 350 stores and10,000 people w/o jobs.
Say goodbye to 170 stores: Staples and rivals like Office Depot (ODP) have been shutting stores due to fierce competition online and lower demand for their products.
Staples said it has eliminated $200 million of annual expenses and it's not even halfway to its goal. Strasser said store closures have allowed Staples to trim its rent costs by $25 million so far this year.
Now Staples plans to turn off the lights on 170 stores in North America this year.
Agreed, FTR has NO longstanding customer service issues.
There are bound to be some service interruptions when moving a million customers onto a new platform.
FTR does what it says its going to do. FTR continuously upgrades its network, and always collects escrow monies set aside as insurance when deals happen, and within the prescribed time limits.
With surging homebuilder sentiment, we suspect the disappointing plunge in Housing Starts (-2.8% vs +0.8% exp) will surprise a few but there is hope... as Building Permits rose 4.8% (vs 0.9% expectations) on the back of an 8% surge in multi-family / rental units. This is the highest level fo Permits since June 2008 (but still over 50% below peak permits levels in 2005). The only region with any increase in starts was the South.
The market seems to like the deal.
It always surprises me how people like to view the acquiring company as the "bad" one. Remember, it was ATT that decided to sell their Connecticut properties to FTR. Yes, this piece of their company no longer "fit" their long range plans, so maybe we should be thankful someone like FTR was interested in this business.
Along with the purchase came almost 3,000 hard working, dedicated, and knowledgeable employees. Some of them will choose to not adapt to the new way of doing things, but the vast majority will be just fine.
The federal agency that insures pensions for about 41 million Americans saw its deficit nearly double in the latest fiscal year. The agency said the worsening finances of some multi-employer pension plans mainly caused the increased deficit.
At about $62 billion for the budget year ending Sept. 30, it was the widest deficit in the 40-year history of the Pension Benefit Guaranty, which reported the data Monday. That compares with a $36 billion shortfall the previous year.