Uniti Grp. Inc. (UNIT)

[Scotttrader80]

The courts have already granted a stay allowing Windstream to conduct daily operations as usual while they are restructuring the "debt" in question. This one isnt your standard Chap 11 protections selling off assests to pay creditors or affecting the commons shares base. None of that stuff is happening, its just a reorganization of debt. Regardless though, both companies have lost significant market share becuase of the voluntary Chapter 11.

UNIT was trading north of $18.00 but cut in half since suspending its .60 cent quarterly dividend and WIN*Q was trading above $3.00 begining of February and now hovering in the .30 cent range. All while both companies have done nothing wrong.

Thats the kicker!