Sep. 13 at 4:25 PM
$LUMN in 6 months they close AT&t sale, debt down to 13 billion, lose
$1.2B revenue,
$200-300 m ebitda, and drop 1 billion in annual capex expenses. Plus they'll save
$400M interest annually over 2025. They also have
$1.9B cash on the balance sheet, with which they can be much more flexible after the AT&t deal closes and the last of the super priority debt is closed. Even though revenue will go down, margin will go up, and more importantly free cash flow will go up. I think it's a doable double in 18 months, if not 12.
