![]() I think this one is going to work out.Stocks: Real-time U.S. I love when we can dump your junk off on private equity and see what they do with it. Investors should be able to count on it to be a really stable source of income without senior capital get eviscerated every few years going forward.īordelon: Very nice. I think it's a really compelling business and I think it's a successful turnaround. The dividend yields still like, I don't know, 6%, 7%, and it's a really secure payout. I think it's an under-appreciated business. They're able to put a ton of money back into the business and they are able to grow now. They're producing substantial free cash flow that's well in excess of the dividend that they pay. They are at a point now where their cash flows are stable and growing. ![]() This was like turn this corner and the business is really turned around. There have been a lot of other things that have needed to happen. Hall: Is my internet connection unstable or is it just me? Anyway, it's funny, I think really for me and the reason I wanted to point this out is I invested in the company around the time of the Level 3 Communications deal, seeing the potential for a turnaround and it's been painful. Rachel Warren: I was like wait is that me? It's got a small amount of addressable business opportunity, it's the small fiber with low bandwidth, they retained the better part of that business that has some enterprise opportunity, and also retained their large-īordelon: Did we lose Jason? We lost Jason, you're back. That happens to be like the weakest parts of the former CenturyLink business. They decided that it made sense to spend $7.5 billion to buy the operations in the orange states that are basically like those local telecommunications businesses. Hall: They acquire assets and they're really good at like finding assets that they can buy at what they think is a reasonable value that have predictable cash flows like, that's part of their secret sauce. Apollo is one of the big, I think it's publicly traded? It is a publicly traded like private equity business.īordelon: The management company is publicly traded. What happened was they finally got to the point where the growth in the new businesses were staving off the losses in the other business. They kept cutting the dividend and it just was not playing well. ![]() This is a company, we go back to 2010 and we had a nice little run, the stock was going up and then steadily fell down. Hall: CenturyLink, it just fell out of my head, so CenturyLink. We're going to all it, oh goodness gracious help me out here was it? Help me out, Lou, what was it called? I'm going to go back in time here and we're not going to call the company Lumen. Toby Bordelon: Let's have Jason come on and tell us about a deal we haven't talked about on this show yet, so let's give this quick couple of minutes on this Jason, Lumen, right? *Stock Advisor returns as of December 16, 2021 ![]() and Lumen Technologies wasn't one of them! That's right - they think these 10 stocks are even better buys. They just revealed what they believe are the ten best stocks for investors to buy right now. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* When our award-winning analyst team has a stock tip, it can pay to listen. 10 stocks we like better than Lumen Technologies
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