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For a company like CenturyLink (CTL) trying to reverse a negative revenue trend, the coronavirus economic shutdown wasn't helpful. The communications company saw increased demand for some services, but the flip side is customers going out of business. My investment thesis remains bullish on the stock with a 10% dividend yield and the cash flows to cover this payout while also paying down debt.
Image Source: CenturyLink website
Revenue Setback
The biggest problem facing CenturyLink has been the negative revenue trends. The company has improved EBITDA margins since CEO Jeff Storey took over the business,