2024-07-19 15:32:50 ET
Summary
- CommScope is a challenged network infrastructure provider, which has been hurt by the assumption of too much debt and worsening operating performance.
- These challenges have been going for years, as the higher interest rate environment and weakness in 2023 send the company in almost a debt spiral.
- The company now sells an important chunk of its activities to Amphenol, as relative leverage ratios likely only increase, making the situation still highly uncertain.
Shares of CommScope ( COMM ) initially moved higher when the company announced the sale of its Outdoor Wireless Networks business and Distributed Antenna Systems businesses to Amphenol ( APH ) . Not having covered this challenged firm before, I'm going to gauge and try to see what the impact of the transaction is on CommScope here....
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CommScope: Depressed Sales Are Not The Solution