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 FairPoint Communications Inc.  (FRP) Trade Now »     Rate FRP  -  Discuss FRP  -  Add to Watch List         Graphic_subscribe

       Sector: Services  >  Industry: Communications Services
This is a micro-cap stock and may be a target of manipulation. Always do your research!

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** v.s. other stocks 		This Quarter's Sentiment:
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From the Blogosphere

FairPoint Files Chapter 11; Cuts Deal With Banks; Existing Common Worthless
N/A

FairPoint Communications (FRP), which provides local phone service in parts of 18 states, this morning announced that it has filed for Chapter 11 bankruptcy protection as part of a financial restructuring plan with its banks. Under terms of the transaction, the company’s debt level will be reduced to about $1 billion from nearly $2.7 billion; about $1.1 billion of the debt will converted to at least 98% of the company’s equity. (The other 2%, under certain circumstances, could go to unsecured creditors.)

As for current holders of the company’s common stock, they are out of luck.

<><>As the...
By  Eric Savitz (Barron's)    10/26/09 Comment


NYSE Stocks Trading for Less Than a Dollar
Tradinggoddess
 5 %
The stock market has had a huge run since March. You would have thought the rising tide would have made all ships rise. But there are still a half a dozen stocks that trade on the New York Stock Exchange for less than a dollar a share. Some of these companies may be totally worthless, but a couple may be worth speculating on. I will let you decide. All of these low cap stocks trade for less than a dollar.

Anthracite Capital (AHR) has a very high forward PE of 86. But since earnings don't mean much these days, especially for these types of stocks, let's look at the cash and debt position. Th...
By  Trading Goddess   (-46.13%  risk: aggressive)  10/26/09 Comment


Verizon: Auriga Downgrades, Cuts Target Price
N/A

Auriga USA analyst Chandan Sarkar this morning cut his rating on Verizon (VZ) to Hold from Buy, chopping his price target to $40, from $34. Sarkar cut his Q3 EPS estimate to 60 cents from 63 cents; for Q4 he similarly goes to 60 cents, from 63 cents. For 2010 he goes to $2.58, from $2.67.

<>“Although we think it is possible and even likely that the recession that has gripped the U.S. for the past several quarters has likely passed and the economy is in the early stages of a rebound, the continuing climb in the unemployment rate appears to be further pressuring Verizon’s enterprise-related busi<><><><><><><><><><><><>< /><>< /><>< /><>< /><>< />< />...
By  Eric Savitz (Barron's)    09/01/09 Comment


What The Heck Is Up With Micro Cap Telecom Stocks?
N/A

So, I’ve been writing a lot the last few days about the stunning run-up in shares of Vonage (VG).

But it isn’t just Vonage. A whole bunch of micro-cap telecom stocks are on a tear for reasons that so far are not entirely clear to me. Consider this list:

<>
  • NextWave (WAVE) today rose $1.02, or 242% - 242%! - to $1.44, on volume of 26.5 million shares. Average volume: 768,000 shares. The stock actually started to run up earlier in the week. Three-day run: 324%.
    • <>FiberTower (FTWR) today rose 10 cents, or 17%, to 69 cents, on 5.6 million shares. Average volume: 887,000 shares. Three-day move: 53%....
    By  Eric Savitz (Barron's)    08/26/09 Comment


    Unusual 11 Mid-Day Movers 3/6: BKD, ARST, DAIO, LVB Higher; FRP, PODD, FSYS, ANN Lower
    FairPoint Communications, Inc. (NYSE: FRP) 46.3% LOWER; reports Q4 loss of $0.85, compared to a loss of $0.11. Revenues for the quarter were $319.3 million, versus the consensus of $322.74 million. Raises its FY09 capex guidance from $180-$200 million to $190-$210 million.Brookdale Senior Living (NYSE: BKD) 38.4% HIGHER; following a Q4 earnings miss reported Monday, and the ensuing 30% slide this week, 3 Brookdale execs pounded the table last night and purchased 76,000 shares in the open market.Insulet Corporation (Nasdaq: PODD) 32.5% LOWER; reports Q4 loss of $1.02, including items, so doe...
    By  Street Insider   (+0.33%  risk: moderate)  03/06/09 Comment



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