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Windstream Holdings, Inc. (WIN)

- NASDAQ
  • May. 8, 2013, 5:30 PM
    Notable earnings before Thursday’s open: AES, AGU, ALR, AM, AMRC, APA, BAM, BCE, CBB, CNSL, CTB, CVC, DF, DISH, DNDN, GLP, GTIV, IRC, KEM, KIOR, MEA, NPSP, OWW, PCP, SNE, SNSS, SPH, SRPT, TK, TNK, VICL, VNDA, WAC, WFR, WIN, WWAV, XRAY
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  • May. 8, 2013, 1:12 PM
    Windstream (WIN) declares $0.25/share quarterly dividend, in line with previous. Forward yield 11.70%. For shareholders of record June 28. Payable July 15. Ex-div date June 26. (PR)
    | 1 Comment
  • Apr. 26, 2013, 7:35 AM
    BofA/Merrill downgrades Windstream (WIN) to Neutral. The rural telco, which reaffirmed its commitment to its lofty dividend (11.4% yield) in February amidst concerns it's unsustainable, delivers its Q1 report on May 9. Shares fell on Wednesday in response to AT&T's disappointing wireline top-line numbers (particularly for wireline voice services). 13.2% of the float was shorted as of March 28.
    | 3 Comments
  • Apr. 24, 2013, 10:44 AM
    AT&T (T -5.4%) gets slammed as 3 downgrades arrive in response to its Q1 revenue miss, the result of soft wireless subscriber adds and declining wireline revenue. There might also be concerns about whether lowering 2014/2015 capex targets (to fuel more buybacks?) is a bright idea in light of flagging growth. AT&T's 296K Q1 postpaid net adds (boosted by tablets) and 184K prepaid net losses are easily worse than Verizon's respective net adds of 677K and 43K. On the earnings call, AT&T mostly blamed wireline weakness on macro and government issues, rather than legacy voice service declines. VZ -1.9%. CTL -4%. WIN -2.2%. FTR -1.1%.
    | 8 Comments
  • Apr. 4, 2013, 10:35 AM
    CenturyLink's (CTL +2.4%) dividend (current yield of 6%) is sustainable, declares JPMorgan's Philip Cusick while upgrading shares to Buy - CenturyLink crashed in Feb. after cutting its dividend by over 25%. Cusick notes the telco's yield remains higher than Verizon and AT&T's, and believes it has been making good use of its $2B buyback plan. The upgrade comes as rural telcos try to take advantage of FCC chairman Julius Genachowski's pending departure to get Congress to implement a "time out" for the FCC's Universal Service Fund reforms.
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  • Apr. 1, 2013, 4:07 PM
    Windstream (WIN +0.6%) directors Samuel E. Beall and Carol B. Armitage recently bought 30K and 1K shares, respectively. The purchases come as Windstream trades near its 52-week low amidst concerns its hefty dividend (current yield of 12.5%) isn't sustainable.
    | 17 Comments
  • Mar. 8, 2013, 10:58 AM
    Looking to protect the duopoly/near-duopoly positions they have in many U.S. broadband markets, U.S. telcos and cable companies are lobbying hard to put an end to publicly-funded broadband networks, arguing (without irony) such networks hurt competition. AT&T (T), Time Warner Cable (TWC), Windstream (WIN), and Comcast (CMCSA) are some of the incumbents to have mounted lobbying efforts, which have led at least 19 states to place restrictions on public broadband investments.
    | 13 Comments
  • Feb. 23, 2013, 2:47 PM
    "There's no need for us to cut our dividend, neither this year nor next year nor in the future," says Windstream (WIN) CEO Jeff Gardner - his firm is committed to a $1/share/year payout (11.7% yield). But while Gardner argues a focus on business services will allow Windstream to avoid CenturyLink's (CTL) fate, many think rural telco yields can't last in light of wireline disconnections, capex needs, and potential tax credit removals. Nomura: "A lot of these companies are carrying the baggage of a legacy dividend policy that just doesn't make sense any more." FTR has a 9.8% yield, and CNSL a 9.3% yield.
    | 16 Comments
  • Feb. 20, 2013, 11:49 AM
    After barely moving yesterday following its Q4 EPS miss, Windstream (WIN -3.8%) is selling off today in response to a downgrade to Sell from UBS. The firm thinks Windstream's dividend payout isn't sustainable, though the telco just reaffirmed its commitment to it. Windstream, which currently sports an 11.6% yield, generated adjusted free cash flow of $768M, and paid out 77% of that total in dividends. Can Windstream keep this up in the face of declining high-margin wireline voice revenue? Peer CenturyLink slashed its dividend last week.
    | 3 Comments
  • Feb. 19, 2013, 6:23 AM
    Windstream (WIN): Q4 EPS of $0.11 misses by $0.02. Revenue of $1.54B (-2% Y/Y) in-line. (PR)
    | 2 Comments
  • Feb. 19, 2013, 12:05 AM
    Notable earnings before Tuesday’s open: ACT, BCRX, DCIX, FUN, GPC, MDT, MRGE, NGPC, NI, NM, ROC, SAVE, SEE, WAB, WIN, XEC, YNDX
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  • Feb. 18, 2013, 5:30 PM
    Notable earnings before Tuesday’s open: ACT, BCRX, DCIX, FUN, GPC, MDT, MRGE, NGPC, NI, NM, ROC, SAVE, SEE, WAB, WIN, XEC, YNDX
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  • Feb. 14, 2013, 10:45 AM
    CenturyLink (CTL -20.1%) crashes after getting hit with 6 downgrades in response to its Q4 miss, light guidance, and dividend cut, and is taking other high-yield rural telcos down with it. FTR -5%. WIN -7.5%. CNSL -2%. Citi, which is cutting CTL to Neutral and FTR to Sell, argues CTL's dividend cut shows the need for telcos to maintain balance sheet flexibility during a time of slow growth, strong competition, and eroding wireline voice revenue. The firm notes CTL's guidance now implies 2015 free cash flow of $3.60-$4/share, well below Citi's prior estimates. (transcript)
    | 2 Comments
  • Feb. 14, 2013, 9:10 AM
    Premarket gainers: ART +33%. ANGI +30%. STZ +29%. HNZ +20%. SKX +10%. ROSG +7%. Z +8%. ANR +7%. BUD +5%. EQIX +5%.
    Losers: AFFY -22%. NSPH -20%. WTW -17%. CTL -17%. TRIP -10%. ULTA -9%. WFM -7%. BBRY -5%. ARR -6%. WIN -5%.
    | 1 Comment
  • Jan. 29, 2013, 11:17 AM
    Nomura is encouraged by Frontier's (FTR) recent announcement it had repaid $502.7M worth of 6.25% senior notes. The repayment will reduce annual interest expense by $30M-$35M, analyst Mike McCormack estimates, something that will support the rural telco's dividend (current yield of 8.85%). McCormack believes Frontier's dividend will amount to 67% of 2013 free cash flow, compared with 92% for peers Centrylink (CTL) and Windstream (WIN). Frontier, which reports on Feb. 21, had over $8.8B in debt as of Sep. 29.
    | 3 Comments
  • Nov. 28, 2012, 7:49 AM
    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.
    | 3 Comments
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Company Description
Windstream Holdings, Inc. is a provider of communications and technology solutions, including managed services and cloud computing, to businesses nationwide. It offers broadband, voice and video services to consumers in rural markets.