Sep. 8 at 9:30 PM
$CCOI 📉 Bearish.
This isn't just a bad chart. Revenue is declining, leverage remains high, the dividend was gutted, and the stock has been crushed.
Having seen Cogent's sales culture firsthand, I don't believe the model is sustainable long term. Constant pressure, heavy activity metrics, aggressive quotas and high rep turnover may drive short-term production, but it's hard to build lasting customer relationships and retain good sales talent that way.
You can replace salespeople over and over. You can't replace a healthy culture and expect long-term growth.
Until management proves it can stabilize the business, reduce leverage and build sustainable growth, I'm bearish on
$CCOI. 📉
