CNSL - Consolidated Communications Holdings: Slow Is Smooth And Smooth Is Fast

• Consolidated Communications Holdings changed its policy for capital allocation in April 2019, which was basically a complete dividend suspension to pay down debt.
• The share price collapsed right after the announcement. Investors were not pleased with the change of direction.
• Be that as it may, the financial fundamentals have been improving in small steps since Q2 2019.
• Patient investors can now add a much more solid Consolidated Communications Holdings at around book prices.
• I'd rate the stock as a hold and I'm keeping my position, because I believe that the focus on developing fiber infrastructure will eventually pay off.

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