Hints and tips:
...For those that didn’t see Judge Furman’s ruling coming, they need only have looked at his decision on Windstream in 2019....
...Windstream took on the CDS mischief issue head-on its press release: “Windstream strongly disagrees with Judge Furman’s decision,” Tony Thomas Windstream CEO said....
...That surety bond will pay in full the notes our fund owns when Windstream loses the appeal. We are happy to take the surety company’s credit over Windstream’s.”...
...But it isn’t just Windstream’s management that Brodsky is aggravating. The other big losers in Windstream are heavy-hitting hedge funds, including his former employer....
...Mark Brodsky told the FT in September, he had taken on Windstream because, “there’s nothing new about lenders enforcing covenants....
...Windstream is not unique in this regard, but it is at the extreme end of what I have seen,” Mr Brodsky told the Financial Times. Windstream declined to comment....
...One thing to start: Aurelius Capital Management couldn’t help but revel in its spectacular win against Windstream Holdings in court on Monday....
...(FT) Empty creditors Aurelius Capital Management’s court win over Windstream, which has since filed for bankruptcy, has reignited a debate about potential abuses in the credit default swaps market....
...This chart (which Matt Levine also references in his article) is the analogue to the Windstream slide....
...Windstream said its board of directors had received a favourable private letter ruling from the Internal Revenue Service, although it will still require regulatory approval....
...AT&T fell 2 per cent over the month to $34.96 while Windstream declined 1 per cent to $11.30....
...All of the major ISPs except for Verizon DSL, CenturyLink, Frontier DSL and Windstream delivered at least 90 per cent of advertised performance on average during peak periods....
...This exquisite slide that comes from the telecom company Windstream, which is creating a REIT to house its copper and fibre wire, explains the magic....
...Windstream , the rural telecoms provider, was the weakest S&P 500 member....
...CVR, based in Sugarland, Texas, owns oil refineries in Kansas and Oklahoma, as well as a majority stake in a fertiliser business....
...Windstream Corporation declined 7.5 per cent to $9.30 as the internet provider’s expenses rose sharply, more than offsetting higher revenues and pushing quarterly earnings down 2 per cent compared with...
Energy stocks hit by falling crude price
...In other deal news, Windstream , a phone company that provides service to rural areas, agreed to acquire Q-Comm for about $782m. Windstream shares fell 0.8 per cent to $11.40....
...Windstream lost 0.5 per cent to $10.08....
...Arkansas-based Windstream has been one of the more aggressive companies in the sector as it relates to searching for acquisitions, for example....
...“The recent spin-offs (Embarq and Windstream), combined with an existing list of bidders, including CenturyTel, Citizens and private equity interest, makes this an opportune time for some of the smaller...
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