- Windstream Corp. is a network communications provider that is in a transition period.
- The company has seen steep revenue and EPS declines and has continuously missed analyst estimates.
- Struggling with growth and free cash flow, the company is looking to a REIT spin-off for help.
- Along with the REIT spin-off, the company will essentially cut its dividend by 30%.
- With the REIT spin-off and dividend cut looming, I would sell Windstream Corp. before 2015.