Why I Sold (And Bought) Frontier Communications Distressed Debt
Dec. 17, 2019 8:15 AM ET
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About:
Frontier Communications Corporation (FTR)
Jeremy LaKosh
Value, bonds, arbitrage, dividend growth investing
"A Government's Guide to Exploiting the Elderly"
(1,648 followers)
Summary
Frontier is currently negotiating with creditors to find a solution to its $17 billion debtload.
Frontier's unsecured debt is priced near restructuring levels.
Frontier remains a speculative play, depending on the outcome of debt negotiations.
It has been some time since
I last wrote about Frontier Communications (
FTR) and its continued $17 billion debt saga. My last article noted that I held debt maturing in July of 2021 and in 2025 and that the 2025 debt was being held as a speculative investment. Recently, during an analysis of the company and my holdings, I found an interesting opportunity to change my holdings and increase my chances of earnings positive returns.