Uniti stock touched $4.00 today. It looks like wall street was not buying what KG was selling in the earning call. Only 5 months ago it was at $12.75 on buyout rumours.
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@ex Finance drives truck until results look bad then layoffs and blame shifting
@kp The business model is to manage the decline. Meritocracy takes a back seat. Managing a decline is tough and the end-state is a sale and breakup after no more wealth can be extracted for those clamoring for a seat at the executive table.
@kk promoting people from finance into every level of management brings no stay-buh-bility to the company but it will keep happening until morale improves. every lay-off another one gets their VP wings it seems.
telecom could be so cool but it gets ruined by greed, vanity, and gluttony
When the going gets tough, management layoffs people, avoids admitting any mistakes and then cite synergies as the path forward. Nice that some things never change
@OP FINANCE DRIVES THE TRUCK!!!!!
@e4 this is a pump and dump economy and this is company has a pump and dump culture with employees
I made out like a bandit when the Unit/WS re-merge was announced and the stock took a nose dive. Bought as much as I could when it bottomed out and sold it all as soon as it regained the losses. Only Christmas bonus I ever got from WS!
As always, KG is putting everything and everyone in the right place because he knows exactly what he’s doing but only lets the “VP” levels in on the profits. He has this company exactly where he wants it…
@bg I disagree. Their bigger and better parachute packages will probably be inked out very soon with new owners. Stock $3.90 a share…. It can’t survive without help from somewhere if it dips much lower. A gallon of milk costs more.
@b7 KG will make off like a bandit just like TT did. Maybe even convince the board he needs a raise to stay motivated like TT did. The VP's will beg for raises to stay motivated as well. All the little people will be told they should be happy to still be employed.
Greenstreakin'. Best video ever.
Gotta wonder if Kenny G is getting nervous with the stock price in constant decline.
History repeats itself
@OP lets call the rally from 3.90 to $4.20 "Greenstreak" and a sign the VP's have more than a few half-baked ideas left in their stash to keep this company from going entirely up in smoke.
@a8 just wait until ANT IPO hits market...
Stock price reflects the company going right down the toilet
@a6 CopperStream will keep HQ in LR and be slowly eaten alive because subsidies will go to next gen and fiber.
3.99 technically. Fiber does well no matter who is doing it. Copper is a loser but hard to get rid of. Enterprise seems like it's a different company. I'm guessing a fire sale for parts is the future.