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Industry Discussions / Real Estate Inv. Trusts: REITs


Subject:  UNIT/WIN Settlement Close Date:  2/18/2020  8:09 PM
Author:  srockaz Number:  85557 of 86212

You may have noticed that UNIT share price has risen 40%-50% recently, not at $9.19

Windstream/Uniti Settlement: Better Than Expected

Although 'Better than expected' is kind of a 'beauty is in the eye of the beholder' thing.

It seems like UNIT is paying to keep WIN as a customer and WIN gets to be stronger out of CH 11 to keep being a customer. I guess it's not horrible, but....

Maybe this is normal for fiber, but some of the assets UNIT is paying for won't break even for 8 years or so. That seems like a long time. If it was a building, I don't think that would fly.

Author expects UNIT share price to hit high teens by 2021 and dividend at $1.40/year.

WIN shareholders get nothing.

Long UNIT and WIN
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