Monday, November 12, 2018

CenturyLink: Another Bizarre Reaction

CenturyLink fell 10% following Q3 results despite boosting FCF targets.
The company remains on track for reaching merger synergy targets including a large boost to EBITDA margins.
The stock weakness provides investors with a healthy 11.4% dividend yield.
My previous research highlighted how the market had bizarre reactions to the quarterly reports of CenturyLink (CTL) and Q3 was no different. Despite all key metrics improving, the market chose to focus on the company pruning low-margin customers. Use the weakness to again own this massive 11.4% dividend yield.
Read the full article on Seeking Alpha. 

Disclosure: Long CTL. Please review the disclaimer page for more details. 
 

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