Deeper employee cuts must be made, shareholders are not going to tolerate the stock price continuing to erode. Quickest way to recover short term is to cut headcount, Wall Street loves to see operating cost reduced.
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Do More With Less will be replacing the Purple Values
The only thing that is going to get the stock to move is when the carriers have more activity. The only thing that is going to do that is the implementation of 6G. We are still a couple years out from that…
Unfortunately I don't think Crown's stock is going to meaningfully improve for a while, unless there is some unexpected event like a very large stock buy-back. There just isn't much upside in the Crown's financial model, or even the whole industry's model, right now.
Stock pop today for no reason they must be deploying some of that buy back money since it was boarding on a 5 year low.. this the c-suits last trick before a sale to PE
@qv they will blame DISH and keep bringing up the Sprint cancelations
Not surprised that Towers was not the saving grace for Clown Castle. Last time I checked, fiber infrastructure is the backbone for everything… telecom, IOT, Ai and whatever cutting edge tech that will be coming. Towers are a negligible part of that. Can’t finger point anymore, can you? HAHAHAHAHA!
@ar bringing in different execs hasnt panned out and now most of the forward looking people are gone. Everyone should be worried- you’re running out of fingers to point at others.
That is where the problem is. The ICs are what’s making this company not best in class. If they would just work harder and cheaper we would have a lot more profit.
@ar how would we become best in class if they did that
Start with the executives, Crown's best move would be replacing all of the VPs and C-suite