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Uniti Investors Reach $39M Deal In Securities Fraud Suit
An Arkansas federal judge gave a preliminary approved an almost $39 million securities class action settlement resolving Uniti Group Inc. investors' claims that the real estate investment trust and wireless solutions provider hid a prohibited sale-leaseback transaction with its parent company relating to a 2015 spinoff.
The settlement is on behalf of investors who bought or acquired Uniti common stock between April 24, 2015, and June 24, 2019.
ROFL youre replying to a 14 month old post, lololol try to stay current
$UNIT bulls and bears Uniti Group Inc Nasdaq Unit Short Squeeze
Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to participate at the Goldman Sachs 28th Annual Communacopia Conference. The presentation is scheduled for 9:40 AM ET on September 18, 2019 in New York, NY.
Look at Tailored Brands ($TLRD) pays over 15% dividend, Exdiv 9/16
YUP, that mismanaged BANKRUPT company took away UNITs handsome .60 cent quarterly dividend, THATS the only reason I was interested in UNIT
UNIT on WINMQ "We hope that Windstream and its constituents will focus on building a sustainable plan for Windstream's future rather than pursuing meritless litigation that gambles with the stability of the business and puts at risk the customers it serves."
You can thank WINQ for UNIT's problems.
WINDSTREAM's bankruptcy antics are hurting UNIT
UNITs going BANKRUPT?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149901235
Great potential after getting over the Windstream hump-meanwhile traders will have fun with UNIT. Buy Buy Buy IMHO
POSITIVE RESULTS COULD PRODUCE 20% JUMP.
Expectations are low in UNITI GROUP and options are pointing to a fall to $10, we are looking for a positive move and buy alerts placed above $13 but also sells below $10, either way volatility is expected and we are biased to the long side. Analysts have a underweight price target of $9.
nice little pop today...still lots of room to the previous highs...
It's all relative...the divvy is a secondary Benny if one caught the bottom
Ya but having to cut the dividend by .55 cents doesnt leave much play. Ahhhh it was a quarterly dividend play, no big whoop, there are others who pay more than this troubled one.
still climbing off that bottom.....
Thanks! Definitely will check it out.
For anyone who was chasing Uniti's healthy dividend before the cut, this competitor can pick up that slack. Same communications related business, comparitive share price, overall healthy company to take a look at.
https://ir.consolidated.com/stock-information/dividends-splits
Thank you very much!
There are better places to park your bread instead of holding this for 90 days to collect a nickel. Like a monthly divy payer vs quarterly like UNIT
Bad news was expected and factored in.
based on pre market it doesn't look as bad as I thought? Looks like the 9's might hold. Think most of it has already been digested and factored in!
What also is a killer is their creditors don’t trust them with their money anymore. Raising their line of credit by 2% higher wipes a lot of AFFO out.
I anticipate the market to crush UNIT today, but I also think shares below $7 would be good to buy and hold. UNIT will make it out one day.
Reminds me of what happened to Kinder Morgan a little bit. It took KMI 3 years, but now they have less debt and a better overall picture.
Wow pretty sobering! It was pretty much to be expected and factored in at this point. Probably won't be a very good day here?
Uniti Group (NASDAQ:UNIT) declares $0.05/share quarterly dividend, -91.7% decrease from prior dividend of $0.60.
Forward yield 2.0%
Payable April 15; for shareholders of record April 1; ex-div March 29.
Yeah, going long on this one and hoping for the best. Good luck.
Unit was $18.00 a month ago, its been sucking for a while but now with the divy cut, could be a shorts dream
Whoops! Guess tomorrow will suck then....
How do you figure that!? Tonights announcement that they cut their quarterly dividend by .55 cents is NOT good news
If WINMQ cant make their payments UNIT slides in to a world of hurt
Yes, what you say is true, but a divi suspend or cut would likely cause another collapse.
The share price has already crashed! It was over $18.00 bucks taken down to $8.34 just last week, if thats not a crash from the WINMQ fallout I dont know what is
Yes, I did see that. Also that the cost of money is going up for them and future dividends may be paid in stock. I just find it very odd that the share price is not collapsing. I guess some folks just don't believe the bad news yet. There should be much more clarity after the conference call tomorrow at 4:15PM unless they delay it again.
Not yet. That does seem odd. I certainly will not throw any money down yet though.
I did not assume you said anything...I am asking you a question...
Where did I say ANY of that ASSUMPTION on your part???
It's all relative ...The 52 week low was $8 bucks. So from that perspective it is up....Are you saying there is no prospects for a turnaround? As for the going concern statement - was that there for how many qtrs or is it new for this 10K? Just curious
No? UNIT was north of $18.00 bucks a month ago
does not seem like there is panic in the air...
There is substantial doubt about our ability to continue as a going concern.
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