LUMN - Lumen Technologies: Don't Mistakenly Look Back
2024-02-15 05:35:28 ET
Summary
- Lumen Technologies' Q4'24 results show all key metrics in decline, indicating the business has not turned around.
- The company's perpetual restructuring and constant race to the bottom are major issues for its turnaround strategy.
- Lumen's debt restructuring has resulted in higher interest expenses of $175 million at the midpoint hitting cash flows, making it a stock to avoid.
After warning investors months ago to not look back at an opportunity to invest in the beaten down Lumen Technologies (LUMN), a positive move by the stock following Q4'24 results provided some hope the telecom had indeed turned around the business. After reviewing the results, this most definitely doesn't appear the case with all key metrics in decline. My investment thesis remains Bearish on the stock, even down at only $1....
Lumen Technologies: Don't Mistakenly Look Back