Expect to see Lumen be forced to cut the dividend for the 2nd time in 4 years. It’s only going to get uglier in coming months. Lumen can’t pay out 10%+ and Wall Street
Sales and Revenue are worse than ever under Story’s leadership while the competition is having a great run since 2020.
Lumen is bleeding business and losing proposals to AT&T, AWS, Microsoft and Verizon. Former Level 3 Leadership are as weak as they come in the industry.
The dividend cut hasn’t been priced in the stock
When Sunit Patel resigned and went to T-Mobile in 2018., he knew this was a failing company.
Look at the stock price after Sunit Patel left.