1 edit | reply to fAcEtIOUs
Re: Investors not happy with Qwest like you claim 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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| 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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