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CTL - 9% Yield Selling Below Book Value: CenturyLink
CenturyLink Inc.
When we last covered CenturyLink (CTL) in early July, it was priced at $9.63. For a change, CTL actually outperformed the market, if only for a 2-month period, delivering a 15.37% total return, vs. 9.65% for the S&P 500:
But before we bust out the champagne, we're reminded of the long, torturous, downhill tumble that got us here over the past decade, when CTL fell from the high $40s to below $9.00 in the March COVID crash.
Recently, it has outperformed the US Telecom ETF, [[IYZ]], over the past month and quarter, but