Out Fox The $treet

Lumen Technologies' Q4'24 results show all key metrics in decline, indicating the business has not turned around. The company's perpetual restructuring and constant race to the bottom are major issues for its turnaround strategy. Lumen's debt restructuring has resulted in higher interest expenses of $175 million at the midpoint hitting cash flows, making it a stock to avoid. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » After warning investors months ago to not look back at an opportunity to invest in the beaten down  Lumen Technologies  ( NYSE: LUMN ), a positive move by the stock following Q4'24 results provided some hope  the telecom had indeed turned around the business. After reviewing the results, this most definitely doesn't appear the case with all key metrics in decline. My  investment thesis  remains Bearish on the stock, even down at only $1. Rea...

  Lumen Technologies, Inc. slashed 2023 guidance with adjusted EBITDA targets far below analyst estimates. The telecom barely forecasts generating positive free cash flow after repaying a ton of debt from selling a couple of non-core units. Lumen Technologies, Inc. stock is a Sell with limited free cash flow eliminating the whole upside potential from repurchasing what appeared to be cheap shares. Lumen Technologies, Inc.  ( NYSE: LUMN ) plunged 20% following their highly disappointing  Q4 2022 earnings report . The telecommunications company got a new CEO and kitchen-sinked the 2023 guidance, while continuing the disastrous process of constantly cutting business versus  building on the current profit base. My  investment thesis  is now Bearish on Lumen stock in a rare scenario where a beaten-down stock isn't one to buy on dips. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more ...