- Consolidated Communications shareholders witnessed the share prices plummet when the company suspended dividends in 2019. The company needed cash to address the worrisome debt situation.
- Fast forward to today and the financial situation has much improved. Net debt leverage was reduced, interest expenses were reduced, and maturities were pushed out.
- There's now already plenty of liquidity to fund an ambitious fiber roll-out, and Searchlight Capital Partners is expected to inject another $75 million in Consolidated Communications later this year.
- The stock has gone up roughly 90% so far in 2021 and there's more upside coming, due to the increasingly valuable fiber assets and growth outlook.
For further details see:
Consolidated Communications: Debt Worries Behind, Upside Ahead