Here's yet another non-surprise in regards to FairPoint Communications and their ongoing financial and operations difficulties: The New York Stock Exchange delisted FairPoint today. Their stock fell to a little over 10¢ per share after the NYSE's action.
And the hits keep on coming.
Let this be a lesson for Frontier Communications, a firm that spent far too much money for some more of Verizon's rural wireline assets. That's what caused FairPoint's problems. I have a feeling Frontier will end up in the same boat.
Friday, October 30, 2009
It Can't Get Much Worse, Can It?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Comments are welcome. However personal attacks, legally actionable accusations,or threats made to post authors or those commenting upon posts will get those committing such acts banned from commenting.