David Klein
Value, growth at reasonable price, dividend investing, equity research

Level 3 Communications: The Hidden Story

Introduction:

Level 3 Communications (NASDAQ:LVLT) refocused its business toward the enterprise market. This resulted in the long time CEO being shown the door closing the chapter of LVLT's decade-long struggle trying to find its way. Jeff Storey was named the new CEO in April. See our last article for additional insight concerning the new CEO.

Walter Scott, Jr. (Chairman of the Board) summed up best why the time for change is here in the 2012 annual report and proxy:

Our company is also undergoing a transformation in terms of the type of customers we serve. We have moved from being primarily a wholesale provider to a company focused on serving the day-to-day business needs of enterprise customers…...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details