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Windstream (WIN) -3% after receiving a downgrade to Underweight from Piper; the firm is cutting...

Windstream (WIN) -3% after receiving a downgrade to Underweight from Piper; the firm is cutting its PT to $6.50 from $8. The wireline carrier, which plunged 3 weeks ago following a disappointing Q3 report, is now very close to its 52-week low. Goldman downgraded Windstream on Nov. 16.
Comments (3)
  • danielleinga
    , contributor
    Comments (5) | Send Message
     
    What a bummer; Windstream was my spec stock of 2012. I still think it has some potential but I am not going to ride it down. I may get on it again if it has a few good quarters in a row.
    28 Nov 2012, 08:44 AM Reply Like
  • upboston
    , contributor
    Comments (18) | Send Message
     
    I lucked out. I bought at 9.50 and sold when it topped out at around 11 before its continuous drop since. I'm never that lucky. This stock needs some good earnings reports. The promises of future are passing deaf ears at the moment..
    28 Nov 2012, 12:15 PM Reply Like
  • Bogwon
    , contributor
    Comments (12) | Send Message
     
    I continue to believe the dividend is at serious risk and that a significant cut could decimate the stock price. Time to stay out for a while.
    28 Nov 2012, 05:47 PM Reply Like
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