Thread regarding Windstream Corp. layoffs

The difference here is we sold owned outside plant to company but part of the sale is we have current and some other strands as IRU which is still an asset. That fiber is owned by a different company now, they maintain it, allocate it, and repair it. Except for a small sub section of strands. We now pay them a relatively small fee for maintenance, still way less then if we had to get that dark fiber on the market. Pretty common arrangement in Telco world. Now was it a good deal? No, but like a guy at the pawn shop we need the cash.

The CS&L/Uniti spin off is different in that it's not Uniti's OSP except by paper. We mantain it, we allocate it, and we pay Uniti for the previlage. Technically this lease back isnt even considered a an IRU... So we just flat handed off those assets as we can't count any of that as an asset, only as an OP-Ex. Sounds shady right? Well that is what the lawsuit is about. The spin off was a tax dodge and credit swap scam ( which is the lawsuit). They thought they were being slick with the tax dodge but Congress closed that loophole shortly after CS&L formation, which is why no other big carrier followed suit. So now Uniti is just another carrier and competatitor in many markets... Exact same as Windstream except the difference is they get about 600 million a year from Windstream for doing sweet F.A.

Financial Engineering at its very best. TT and Management team cannot be trusted. Bankruptcy definitely on horizon, simply a matter of time. Aurelius is onto something as Wallstreet’s cop. Ultimately they will be the final nail in the coffin. I have been shorting this stock since 11/17 and remain patient as well as confident in my position.