Wednesday, December 14, 2011, 11:05 AM
Shares of FairPoint Communications (FRP) tripped up circuit breakers on the way to a 10.5% gain. Traders are scratching their heads about what all the fuss is about - reporting anecdotally seeing flukey bid and ask prices on shares.
Comment![On the Move]
Friday, October 2, 2009, 11:42 AM
John Paulson and Angelo Gordon, two big players in distressed assets, have amassed large positions in the bank debt of FairPoint Communications (FRP +13.1%). FairPoint could be sent into bankruptcy if it can't come to terms with creditors on about $2B in debt.
Monday, September 28, 2009, 9:09 AM
FairPoint Communications (FRP) has a deal with creditors to restructure debt and may not have to pay $42M due on Wednesday. The plans may include a bankruptcy filing.
Friday, November 7, 2008, 3:09 AMFairpoint Communications (FRP): Q3 EPS of $0.19 vs. consensus of $0.06. Revenue of $328M (-13.8%) vs. $339M. (PR)