Windstream Bondholders Can Reject Uniti's Lease In Bankruptcy
Jul. 2, 2018 6:52 AM•UNIT
Summary
We rarely play both the long and short side on the same stock.
Uniti Group was where we went long into extreme pessimism.
Interestingly, as fundamentals continued to deteriorate, the stock went vertical presenting a short opportunity.
We review the current situation and explain why we think Uniti could head lower still.
We also explain why we covered our outright short position and how we continue to bet on more downside without risking a penny.