2024-06-30 09:31:31 ET
Summary
- Lumen Technologies nears $1 stock price level, facing investor doubt in potential turnaround.
- Debt restructuring and declining sales suppress equity value, making recovery gains unlikely.
- With unsustainable debt-to-equity ratio and falling sales, Lumen Technologies is not investible, facing delisting risk and lack of upside potential.
Lumen Technologies Inc. ( LUMN ) has neared (and shortly fallen below) the dreaded $1 stock price level as investors appear to lose hope that the over-leveraged Telco could pull off a major turnaround....
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Lumen Is Approaching A Key Psychological Level