May will be a big month for Frontier. FTR
Should hear about Q1, Next divvy early in the month. And shareholder vote on reverse split.
Any one could impact stock price strongly. With the bleed in land line business Q1 may not be improving. But for the present they have enough capital to hold the dividend for a while. IMO the key to price direction will be a reverse split to remove the NAZ delisting concern. Either a 1 for 10 or 1 for 25 split has been authorized by the board. IMO odds are it will R/S into the $20 safe area, when shareholders vote in May.
Another thing to conceder is 70% of the OS is held by institutional. with a HUGE 24% short interest.
So all and all you own a keg of power; with these, I always recommend buying after; NOT before; any price action move. That's why my post called for a price move into the lower gap area before entry. If things go well, you'll see that 2.2 / 2.35 price which could be a 22 to 23.50 area eventually. If not your holding a loss.
LOW risk, buy after, get smaller gain. HIGH risk, buy before, get larger gain or loss. Note my way a loss is removed from the equation.
I've ALWAYS touted LOW RISK. And in this case with what's coming in MAY with an R/S the 20% extra gain from 1.83 (your hold) to my 2.20 entry; will only be 8% if the reverse split comes first. And any loss has plenty of room below after a R/S.
I'd be keeping the institutional involvement in the back of my head! They have positioned themselves with a strong hedge owning 70% and shorting 24% As usual the big guys always cover their ass well. Maybe little guys should also. IMO buy after a shareholder decision is made about all that's happening in MAY.
Good luck.
