|Bid||0.0000 x 800|
|Ask||0.0000 x 2900|
|Day's Range||0.3031 - 0.3888|
|52 Week Range||0.2300 - 8.4000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.00|
The obscure mistake, which the company acknowledged Wednesday, has caught the attention of traders in the credit default swaps market after a series of high-profile fights over the value of the contracts. Credit derivatives tied to the retailer’s debt surged as traders fretted J.C. Penney could be faced with a situation like Windstream Holdings Inc., which filed for bankruptcy after losing a hedge fund lawsuit over a covenant violation, market participants familiar with the trading said. Traders are buying CDS protection on the company after the retailer posted an amended list of properties tied to some of its units.
Inc., the fiber optic cable operator, have waived a potential default stemming from a going-concern warning from auditor PricewaterhouseCoopers LLP. The Little Rock, Ark.-based company warned in its annual report Monday that since Windstream is the source of a substantial portion of Uniti’s revenue, Windstream’s bankruptcy could “materially and adversely affect” Uniti’s business. Windstream pays Uniti rent to lease its fiber optic cable network.
LITTLE ROCK, Ark., March 19, 2019 -- Windstream Enterprise Resale, a leading provider of advanced cloud and network solutions, today announced major Contact Center Services.
Grew broadband customer base for third consecutive quarterAchieved continued growth in SD-WAN and Enterprise strategic salesGenerated $2 billion in Adjusted OIBDAR for the year.
LITTLE ROCK, Ark., March 12, 2019 -- Windstream Enterprise (WE), a leading provider of advanced network communications, announced today that TMC, a global integrated media.
Moody's Investors Service (Moody's) assigned a Baa3 rating to $400 million of senior secured super-priority debtor-in-possession (DIP) credit facilities of Windstream Services, LLC (DIP) consisting of a $300 million term loan and a $100 million revolving credit facility as per an interim order approved by the US Bankruptcy Court Southern District of New York on February 26, 2019. Windstream Services, LLC (Windstream) is requesting bankruptcy authorization for a total of $1 billion of DIP facilities.
Windstream, a leading provider of advanced network communications and technology solutions, today announced that it has named David Emig as sales manager for small and medium-sized business customers in Georgia. “We are thrilled to have experienced and talented team members like David lead our Kinetic Business team," said Kristin King, vice president of the small and medium-sized businesses channels at Windstream. Emig joined Windstream in 2010 and has more than 20 years of telecom industry experience.
Windstream has been awarded approximately $2.2 million in high-cost support by the Nebraska Public Service Commission to expand access to Kinetic Internet in 13 of its exchanges in the state. Support from the Nebraska Universal Service Fund (NUSF) helps make broadband deployment possible in rural areas that would not otherwise be economically feasible because of the limited customer base. “Windstream is excited to partner with the Nebraska Public Service Commission to deliver high-speed broadband to more than 1,500 additional locations across the state,” said Brad Hedrick, president of Windstream Operations in Nebraska.
LITTLE ROCK, Ark., March 05, 2019 -- Windstream Enterprise (WE), a leading supplier of advanced network communications, announced today that Avaya, a global leader in contact.
LITTLE ROCK, Ark., March 04, 2019 -- Windstream (NASDAQ: WIN), a leading provider of advanced network communications and technology solutions, announced today that it delivered.
AT&T (NYSE:T) continues to trade sideways as the share price hit a six-year low in December. Even a recent bounce still leaves T stock about flat to where it traded back in mid-2012.Source: Mike Mozart via FlickrAdmittedly, shareholders have benefited from healthy dividends,. But in a bull market, T stock has badly underperformed. In the past two years, the S&P 500 index has increased 17.4% while AT&T stock lost 27.3%.And I'm still not sure why that is supposed to change going forward. T stock is cheap, and fundamentally I can see a case for upside heading into 2019. But there's a core problem here: AT&T at this point is a collection of relatively unattractive businesses.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd unless the communications behemoth somehow is greater than the sum of its parts -- which I continue to doubt -- that problem should keep a lid on the AT&T stock price. A Struggling BusinessOn its face, AT&T stock looks cheap. But it's worth taking a step back and considering the business, not just the stock. Aside from Time Warner, revenue growth this year likely will be flat to down.The Mobility segment will generate a bit less than 40% of that revenue. Wireless is a brutal business, one I've in the past called a "circular firing squad". Competition is intense -- and based largely on pricing.In mobile, AT&T isn't performing all that well, either. Net adds are well below those of T-Mobile (NASDAQ:TMUS), and fellow giant Verizon Communications (NYSE:VZ). T-Mobile revenue rose 6% last year and Verizon grew sales nearly 5% in its wireless segment. AT&T? Sales rose just 0.4%.Business Wireline should generate 13-14% of total sales. That business is in outright decline, with revenue declining more than 8% in 2018 after a 5%+ drop the year before. * 7 March Madness Stocks to Consider for the Big Dance The Entertainment Group -- DIRECTV, DIRECTV NOW, and U-verse -- should drive around a quarter of 2019 revenue. Its sales dropped 7% in 2018; EBITDA (as defined in the AT&T 10-K) fell 9.6%.The remainder of revenue will come from the WarnerMedia business, Xandr, and AT&T's international operations. WarnerMedia did have a strong Q4, with revenue up 6%. But that's in a quarter where the studio side of the business had a monster -- and record -- quarter, due to the strength of releases like A Star is Born and Aquaman.Home Box Office (HBO) remains a valuable asset, but it's worth remembering the operation drives just ~4% of pro forma revenue. Xandr is even smaller, created by the admittedly intriguing acquisition of AppNexus. The Latin America operations, too, are in the range of 4% of sales.Overall, few of the businesses are growing -- and several are in decline. That seems to be an obvious problem for AT&T stock. Should the AT&T Stock Price Be This Cheap?A closer look at the individual businesses also shows why AT&T stock should be reasonably cheap. Most stocks in similar industries are trading at rather low multiples themselves.Verizon trades at about 12x 2019 EPS estimates, and T-Mobile about 19x. Both multiples admittedly are much higher than that of AT&T, but those two companies again are outperforming AT&T in terms of growth and have much less debt on the balance sheet.Wireline competitors, meanwhile, are struggling badly. Windstream (NASDAQ:WIN) is blowing up. CenturyLink (NYSE:CTL) just halved its dividend and trades at 10x forward EPS.DIRECTV rival Dish Network (NASDAQ:DISH) trades at 13x earnings, and is down 60% from late 2014 highs. That's despite the company's accumulation of unused spectrum, which likely still has some value.For WarnerMedia peers, valuations look about the same. AMC Networks (NASDAQ:AMCX), even with a recent rally, trades at under 9x earnings. CBS Corporation (NYSE:CBS), Viacom (NASDAQ:VIA), and Discovery Communications (NASDAQ:DISCA) all are at single-digit multiples.On a consolidated basis, AT&T does look cheaper on a price-to-earnings metric. But considering the debt and the clear risk of declines at DIRECTV, U-verse, Turner networks, and the Wireline business (combined, close to half of revenue), it probably should be. The Cases For and Against T StockTo be fair, it is possible that even with these concerns, T stock simply is too cheap. I've long been a skeptic, but looking at 2019 guidance I do see some room for cautious optimism.First, AT&T should make progress paying down debt this year. Free cash flow is guided to $26 billion; after roughly $14 billion in dividend payments, the remainder will go to reducing borrowings. With some help from asset sales -- notably the company's stake in Hulu, which likely will be sold to Disney (NYSE:DIS) -- the company expects to get debt at year-end to 2.5x adjusted EBITDA. That's a relatively reasonable figure, particularly given the solid base of revenue and profits from the wireless business (even if that segment isn't growing). * 9 Best Stocks to Buy on U.S.-China Trade Optimism Second, AT&T has the potential to cross-sell and drive value from subscribers across its businesses. A new streaming service, backed by WarnerMedia content, should arrive later this year. The existing base of subscribers - whether for wireless or the Entertainment Group - provides a ready-made group to which to market that product.But there are worries here, too. WarnerMedia content doesn't compare to that of Disney, which is rolling out its own streaming service. It certainly comes nowhere close to that of Netflix (NASDAQ:NFLX). AT&T CEO Randall Stephenson acknowledged on the Q4 conference call that the company wasn't trying to take on either rival. And DIRECTV NOW clearly has lost out, which raises the question of why the WarnerMedia streaming service will perform much better.As for cross-selling, that hasn't really worked so far. While it was the rationale used for the DIRECTV acquisition, that now looks close to disastrous. 5G perhaps helps the cause -- Stephenson has cited the potential for wireless to displace broadband -- but price competition likely offsets some of that tailwind, and it's far from certain that even 5G can manage rising bandwidths.At the end of the day, it's still difficult to make a compelling qualitative case for T stock. Large chunks of the business are in decline. The key growth initiative, by management's own admission, is going to be a second-tier streaming offering in a crowded marketplace. Strategic efforts haven't been great, with DIRECTV a miss and Time Warner acquired just as cord-cutting trends accelerate.In the context, a cheap AT&T stock price isn't enough and it hasn't been for almost seven years. I remain skeptical that this time is any different.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons Kraft Heinz Stock Is a Contrarian Buy * 5 Housing Stocks to Buy for Renewed Homebuilder Confidence * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio Compare Brokers The post AT&T Stock is Cheap -- But For Several Very Good Reasons appeared first on InvestorPlace.
Windstream Holdings won approval to draw down on part of a $1 billion emergency loan the cash-strapped rural broadband provider needs to stay open at its debut bankruptcy hearing.
Windstream Holdings, Inc. (WIN) (the “Company”) today announced that the Company has received approvals from the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) for the “First Day” motions related to the voluntary Chapter 11 petitions filed on February 25, 2019. Notably, the Court granted Windstream interim approval to access up to $400 million of its $1 billion in debtor-in-possession (“DIP”) financing. This financing, combined with access to the cash generated by the Company’s ongoing operations, is available to meet Windstream’s operational needs and continue operating its business as usual.
Moody's Investors Service (Moody's) downgraded Windstream Services, LLC's (Windstream) probability of default rating (PDR) to D-PD from Caa3-PD following the announcement that the company filed a petition for relief under Chapter 11 of the US Bankruptcy Code on February 25, 2019. Windstream's corporate family rating (CFR) was affirmed at Caa3, its first lien secured rating was affirmed at Caa3, its second lien secured rating was affirmed at Ca and its unsecured rating was downgraded to C from Ca.
Windstream Holdings Inc (NASDAQ: WIN) was on the receiving end of an unfavorable and surprising ruling against hedge fund Aurelius Capital Management. Flannery said under a best case scenario, Windstream will be able to get a stay to appeal the court's decision and this will allow lease payments with Uniti to proceed as usual.
Windstream Holdings Inc., the rural broadband provider, filed for bankruptcy protection Monday after losing a legal battle with hedge fund Aurelius Capital Management.
Windstream Holdings Inc. has filed for Chapter 11 bankruptcy protection less than two weeks after a court ruling favoring a New York hedge fund. The Little Rock-based network communications and technology company on Monday announced the reorganization filing in bankruptcy court in New York. The filing affects all of the company's subsidiaries.
Industry tailwinds like carrier densification and escalating investment for 5G deployment to boost Uniti Group's (UNIT) revenues in Q4. However, customer concentration remains a concern.