I like the prospects for CNSL. I think the valuation is good (watch for coming dilution though). Unfortunately, don't have time to write up all of my reasoning. I see this in sum as as company that alienated its entire investor base by breaking a promise to keep dividends. Investors ran, management struggled with an acquisition, share prices hit rock bottom and now much-needed capital is flowing in from private equity, along with some new management. The company has potential to post improved fundamentals and court a new investor base.
Long-Term Stock Picks
in General Discussion
Posted · Edited by market malocclusion
I like the prospects for CNSL. I think the valuation is good (watch for coming dilution though). Unfortunately, don't have time to write up all of my reasoning. I see this in sum as as company that alienated its entire investor base by breaking a promise to keep dividends. Investors ran, management struggled with an acquisition, share prices hit rock bottom and now much-needed capital is flowing in from private equity, along with some new management. The company has potential to post improved fundamentals and court a new investor base.
I should note that I am presently long CNSL.