| Investors not happy with Qwest like you claim »Qwest Wants $350 Million From Uncle Sam To Deploy VDSLQwest has been very lax in upgrading their network, instead focusing on dressing up the company for possible sale. While that pleases investors who want an immediate return on their investment You are wrong. Investors are not happy with Qwest and their performance and business plan as can be seen with how they have driven the stock value in to the ground. »finance.yahoo.com/q/bc?s=Q&t=my&···m&q=l&c= 
And quoting Craig Moffet(an ANALYST) doesn't mean that investors agree with him.
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NCAA® March Madness on Demand® |
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1 edit | Isn't that amazing? In about 12 months they went from over $50/share to essentially a penny stock. Explains why no one is interested in buying them or lending them money. |
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| reply to fAcEtIOUs
I don't know. Take out the inflated part of that telecom bubble era evaluation, and it looks like a typical stock for an industry with high fixed costs. If you compare Q with VZ, they don't look too different. |
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| reply to travelguy
The reason the value is so low is there is an expectation that they will be in bankruptcy within a few years. Without the current CEO they already would have been. He's done an excellent job trying to stabilize a sinking ship that was doomed the day Qwest bought US-West. The massive debt from the Qwest national fiber build-out was sold onto the backs of the regional network through a fraudulent transaction.
BTW the lawsuit involving power poles is incorrectly referred to as regional power poles. The lawsuit involved Qwest suing Utopia over Utopia putting lines on Rocky Mountain Power owned power poles. It was a completely baseless suit. |
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| It's not a penny stock though. That graph is a bit misleading. |
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