ty anon
CenturyLink : Southeastern Asset Management Calls on CenturyLink to Sell Assets
Southeastern Asset Management on Tuesday called on CenturyLink Inc. (CTL) to improve its balance sheet through asset sales.
"Southeastern believes that the company's fiber assets are extremely undervalued in the stock market, especially considering the metrics which entities such as infrastructure funds and cable companies have paid in recent private transactions for fiber assets. Therefore Southeastern intends to talk to such infrastructure funds, to cable companies, and to any other verticals who are heavy users of fiber networks but may want to own such networks or parts of them," Memphis-based Southeastern said in a Securities and Exchange Commission filing. The company said it has a 6.2% stake in CenturyLink.
CenturyLink earlier this month cut its annual dividend to $1 from $2.16. The company also pledged to lower its leverage target and accelerate its time frame to achieve it.
Southeastern said the dividend cut wasn't the best way to address balance-sheet concerns, and it will seek to add directors with financial expertise.
"In light of such private market interest, we believe the preferred way to improve the balance sheet should be through asset sales," the firm said.
If assets sales are more likely in the intermediate term than the short-term, Southeastern said it believes separate target stocks should be considered for the fiber network business and consumer business.
https://www.marketscreener.com/CENTURYLINK-14056214/news/CenturyLink-Southeastern-Asset-Management-Calls-on-CenturyLink-to-Sell-Assets-28031371/
sauce for cap
https://www.secform4.com/insider-trading/18926.htm
https://finance.yahoo.com/
https://www.dailyfx.com/crude-oil
It is up over the the long-term'ish' resistance levels but not going crazy. In % terms that is not much. Keep an eye on it. Manipulations habben when it appears to break-out over these resistance levels.
https://www.kitco.com/charts/livegold.html
https://www.secform4.com/insider-trading/1512673.htm
Put this link in to see a virtual sea of share sales. The poster boy for option exercise and sales.
The chart at the top
https://www.secform4.com/insider-trading/1108524.htm
S. Korea collected seabed samples near Takeshima island without Japan’s consent
The Yomiuri Shimbun South Korean authorities collected samples of bottom sediment core in territorial waters and a contiguous zone near Takeshima islands in Shimane Prefecture without Japan’s prior consent several years ago, it has been learned.
The seafloor survey activities, including bottom-sediment core sampling (see below), conducted by South Korea were confirmed in research papers released recently by Seoul National University and other entities. These activities are believed to be aimed at probing for such offshore resources as methane hydrate, or flammable ice.
The surveys were conducted in Japan’s territorial waters within an about 22-kilometer range from the coast of the Takeshima islands and in waters northeast of the Tsushima Basin, a contiguous stretch located within a 22-kilometer range outside of territorial waters. Details of surveys in these waters conducted by South Korea without Japan’s prior consent had not been known until recently.
The U.N. Convention on the Law of the Sea stipulates that when a country intends to conduct marine research in the territorial seas, contiguous zones and exclusive economic zones (EEZs) of a foreign country, it has to obtain prior consent from that country.
Yet South Korea, which has been illegally occupying the Takeshima islands, conducted surveys in the areas without seeking consent from Japan, as it claims the territory as its own. The Japanese government deems the surveys to have been conducted without consent under the terms of the convention.
http://the-japan-news.com/news/article/0005554774
ty for posting. beck's album live at ronnie scott's is a constant play 'round here.
>How much money (CASH) was sent by the FED to Iraq (Iraq War)?
'fo sure