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Strategies & Market Trends : Value Investing
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To: A1111 who wrote (71156)9/18/2022 10:53:04 AM
From: E_K_S  Read Replies (1) of 78666
 
LUMN are going to divest some of its operations in H2 FY 2022 for net cash of $7B
It was discussed earlier when they sold some of their legacy business (wired lines) that proceeds were going to pay down debt.

Notice the high Debt/Equity at 2.31



There was some discussion to use the proceed to buy back shares. Now that shares are trading at/near an all time low $8.78/share, that may be a good time to use some of those proceed to buy back shares. In the same discussion, there was talk to cut the dividend as total FCF would be lower but now growing from their Enterprise Cloud 'edge' business.

Seems like there are plenty of options but I would seriously look at the stock buy back now.
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