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Strategies & Market Trends : Wolfgangrene's charts

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To: wolfgangrene who wrote (3572)4/6/2017 12:56:01 PM
From: The Ox  Read Replies (1) of 3976
 
FTR has been a favorite of the shorts. Their "massive" debt load costs a fortune to service, which could threaten the dividend? It's one of the top 5 losers in the S+P during the 1st quarter.

Frontier Communications Corp. ( FTR) is down 34.1% year to date. Its biggest problem has been lack of investor confidence that the company will be able to continue paying its famously high dividend yield, which has swelled to nearly 20% as the share price has dived. The stock closed at $2.14 on Friday, up about 0.5% and in a 52-week range of $1.92 to $5.75.
I know this has nothing to do with the chart..... I have to admit that I've been watching it more closely for the past couple of weeks.
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