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When we last covered Uniti Group Inc. (UNIT), we made it clear that the Company and stock were broken and investors should take profits on the ratio call spread we had suggested.
There might be more upside in the short term, thanks to short positions caught offside in this melee, but the longer term looks rather ominous for the UNIT equity holder, especially one relying on large dividend increase. From our perspective, there is zero chance of UNIT paying a single nickel over the minimum required under REIT rules as far as the