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Hi to those out there following FTR.

When I wrote the original post in this thread last year, FTR was @ $5+/-.

It closed yesterday @ $8.19 and is up after hours. Here's the conference call transcript: http://seekingalpha.com/article/2934226-frontier-communicati...

In less than a quarter, FTR has achieved $165 million of the $200 million in cost synergies it projected over 3 years from the AT&T deal.

According to their CFO, the newly announced Verizon deal should more than double their revenue and EBITDA and lower the dividend payout ratio from 51% to 38% in 2016: "On a pro forma basis, we estimate that in the first full year, this will add approximately $5.4 billion of revenue and $2.3 billion of adjusted day one EBITDA. Total new Frontier revenue and EBITDA will be approximately $11.7 billion and $4.9 billion respectively. We estimate that this transaction will be 35% accretive to our leveraged free cash flow per share and lower our dividend payout ratio by 13 percentage points in the first full year."

Dividend increases 5% this year.

FWIW, I think FTR is a terrific long-term investment. They were doing well enough already, but the second Verizon deal is a game changer. It pays not to underestimate a brilliant CEO--i.e., Maggie Wilderotter.

Best.

BRD
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