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CTL - Trying To Catch The Falling Knife That Is Frontier Communications Could Leave Investors Seeing Red
CenturyLink Inc.
In his book One Up On Wall Street, Peter Lynch said that it took him twenty years to realize, “whether a stock costs $50 a share or $1 a share, if it goes to zero you still lose everything.” With Frontier Communications (NASDAQ: FTR) stock trading at less than $1 per share, investors may be thinking of trying to catch this falling knife. Unfortunately, attempting to grab this perceived bargain could leave shareholders seeing red.
The long slow decline
Usually companies use their earnings conference call time to answer questions and help analysts