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Originally Posted by Wells5
Closed at $2.06 on Friday (4/7). At that price, the dividend yield is over 20%. Wall Street analyst opinion is that Frontier will eliminate the dividend sometime in 2017. If that happens, the stock price will increase- maybe quite a bit. It's priced like an option. So, is this a "win-win" situation?
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Used to be in this stock. But all indications are that they have really bungled the purchase they made of Verizon's assets in TX, FL, CA. Supposedly they have already lost 10% of the customer base that they paid $10 Billion to acquire. They are also going to reverse split the stock.
Do you feel lucky? This is the kind of stock on which a lot of money could be made.
Personally ---- I wouldn't touch it as I think management is incompetent.