Level 3 Communications did a bond deal at the Communications Inc. entity (which is the Holdco) last week pricing $300mm @8.875%. The stock was up 6% that day as the market celebrated a 1% ROIC business locking in a near 9% liability. The market should have looked at this bond deal and run for the...
"Wall Street Has a “Hold” on Level 3 and You Know What That Means."
Published: July 24, 2012