Thread regarding Crown Castle International Corp. layoffs

@m0 Elliott specializes in helping ‘Distressed Companies’ LOLOL

Define right ? ... Elliot pushed for what is happening now... they wanted the fiber assets in the hands of private equity and the tower bussiness to be ripe for a takeover.. They didn't care about employees or retail shareholders they cared about Elliot and Elliot only... Elliot has graveyard of compies to prove it

Can we all admit the Elliott Group was EXACTLY right a few years ago?

Crown future (12-24 mos): towers sold to private equity, delisted from stock market after DISH case settlement/decision.

From Crowns balance sheet

Total Assets: $32.74 billion
Total Liabilities: $32.87 billion
Total Equity: -$133 million (negative equity)

57 Million Cash on Hand

This all you need to know

Crown will eventually be sold and then all of the nepo managers and directors will be redundant and let go. Period.

@c4 crown’s enterprise value is $60 billion. Amt is $120. Anyone could buy crown. Crown issue is there debt there debt to equity is -1,400%. In a business where you need to borrow to grow that isn’t good. It was fine the good old days when carriers were throwing cash at them. But they now have three customers all who are scaling back and looking at alternatives. The company is growing at 3% it’s pathetic. They are going to have to cut the dividend again which will tank the stock more. It puts it in a debt death spiral. I mean just look at the stock it su-ks. That tells you now one wants it. Crown is never coming back someone else will be wearing the crown soon and no one will be working there.

Theoretically, Crown has the assets needed to be a decent, profitable company. Can management get it there? The track record says no… They’d rather be Crown nice than fight for money. But, in time, it has to happen. Everyone saying “crown will be bought” I have to ask, by who? No other tower company can afford to buy it all, and the carriers won’t be buying towers back.

I’m not saying old crown will be back. It could just be a shell of itself holding the assets with all functions outsourced. But, the fact is that the assets are capable of making the money and the industry isn’t going away.

Just my two cents from the outside looking back in.

Satellites can’t cover that many people… yet

They will still need towers in the dense areas satellites can’t cover that many people.

But yes crown is done. Organic growth at 3% wow what a growth industry. They can’t grow that little and then maintain its balance sheet. They will be sold soon. The sale buys them some time but the company is in a debt death spiral.

Glory days are gone.

Look towards ASTS. There won’t be as many towers needed in the future. If you doubt it check out American Tower. They own more than 10% of ASTS.

The writing is on the wall. American Tower knows to diversify. American Tower is also international.

Imagine clown……having a hard time selling space on their towers now and then thinking they are going to keep growing and increasing their dividend every year. It’s just not a growing industry anymore especially when that is all they do.

They are a 1 trick pony now. Their only true trick is them convincing their investors to keep buying their stock.

I only hope Zayo cleans house of the management they inherit.

Can Zayo be any worse of a company than any part of the sh!t show that is clown castle?

I am sure the clown will spend a ton of money on a rebrand as soon as the deal as done. Hopefully it will be better than their stupid purple branding and their stupid b3 values. How much did all of that sh!t cost?!

Don’t forget Bonusly. Whatever id--t decided to bring that disaster of a program into the company deserves to get fired! I am sure the clown spent millions a year so the losers that need to su-k up and feel good about themselves hoping they get rewards back.

Let’s. It fix CRM, the “engineers” always getting it wrong. Keep promoting the incompetent people and hold down the people that do their jobs.

I think the real workers will thrive at Zayo. Hopefully they see the trash management that will be handed over to them.

Zero percent chance any of that happens. Crown is a lot closer to selling the entire business than they are returning to the glory years.