Lumen Technologies (NYSE:LUMN), formerly CenturyLink, has been facing some tough times in recent years as their legacy business of landlines and other services continue to see a decline as various other technologies take over
Lumen: Selloff Creates Magnificent Buying Opportunity
Summary
- Lumen Technologies, formerly CenturyLink, has some difficult headwinds it must navigate before its growth trajectory is back on track. As a result, I was hesitant to add to my position.
- However, with the recent earnings-and-asset-sale-driven selloff I believe that the opportunity for a market beating return on investment is too good to pass up.
- I remain bullish on the company's long-term prospects and detail the near-term headwinds they must overcome to turn hope into reality.
As part of my earnings growth strategy, I invest, trade and write about small under-covered growth companies which don't get much attention from establishment analysts as well as use the strategy to interpret short and long term moves in bigger, well established companies in the United States, Europe and the Asia-Pacific region.-All articles and the information in them are my opinion based on my own research and analysis and should not be taken as investment advice without proper due diligence and advice from a professional financial adviser.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of LUMN, T either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Opinion, not investment advice.
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