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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: scbeachbum who wrote (72299)	2/6/2023 12:56:51 PM
From: Iron Mick	Respond to of 78702

RE: LUMN As we discussed before, I am hesitant to believe the aggressive buyback until it shows signs of materializing. I personally see it as a potential smoke screen to take pressure off them nixing their dividend. If there is nothing coming out of their next report then that should be a red flag. Also need to see a bit more on the new leadership and how they perform. I again get skeptical when management creates performance incentives for management that has seen such poor performance. I could easily see a lower low before a turnaround IMO. We will see what their earnings show. -Sean

To: scbeachbum who wrote (72299)	2/7/2023 9:09:11 PM
From: Iron Mick	Read Replies (2) \| Respond to of 78702

RE: LUMN earnings Well they did complete some share buyback by repurchasing 33M shares of common stock for $200M. Diluted loss per share of ($3.08) for the fourth quarter 2022 vs. $0.50 for fourth quarter of 2021 Net loss of $(3.069) billion for the quarter Free cash flow (excluding special items) was only $126M for the quarter vs $620M in third quarter and $776M for fourth quarter 2021 Paid down some long-term debt Stock made a new low today Will keep an eye on what new management does -Sean