The Unfortunately Opportunistic Yields Of CenturyLink
One difficult part of investing requires that investors not follow the herd. In the case of CenturyLink (CTL), the company continues to produce solid free cash flow as the market harps on revenue growth and legacy business lines. The stock now trades back around 52-week lows even while providing a net payout yield of around 12% and growing.
The company is the third largest telecommunications provider in the U.S. It provides data, voice and managed services in local, national and select international markets. The stock market though focuses squarely on its legacy local voice business and misses the transition to data services including fiber to wireless towers and growing television service.
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