Frontier: Reverse Split Fears Overblown
Frontier Communications completed a reverse split on Monday.
The stock has been absolutely beat up due to this move and a dividend cut.
The market needs to focus back on cash flows.
Back in May, my thought was that Frontier Communications (FTR) was attractively priced below $1.50. My major concern in owning the telecom stock was a lingering shakeout from the dividend cut and reverse split that has the stock hitting new lows now.
Read the full article on Seeking Alpha.
Disclosure: Long CTL. Please review the disclaimer page for more details.