Level 3 Communications Inc (NYSE:LVLT)

CAPS Rating: 3 out of 5

Through its operating subsidiaries, the Company engages in the communications business. The Company is facilities based provider of a range of integrated communications services.


Player Avatar pbk100 (29.64) Submitted: 4/6/2011 3:30:00 PM : Underperform Start Price: $22.05 LVLT Score: +11.64

Negative book value, barely profitable (factoring out depreciation, adding back in capital expenditure), with no obvious sign of impending change. Servicing debt could prove increasingly difficult.

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Member Avatar Turtleread (67.01) Submitted: 6/1/2011 2:56:48 PM
Recs: 0

It just bought Global Crossing, making it the 3rd or 4th largest company in that particiular field--there's your catalyst.

Member Avatar pbk100 (29.64) Submitted: 6/3/2011 12:30:27 PM
Recs: 0

I'm not convinced that combining two barely profitable, debt-laden companies into one larger barely profitable, debt-laden company - that still doesn't dominate it's field - is all that much of an improvement. But then again - I'm the one getting pasted by the market.

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