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+--- Thread: Thoughts on Lumen Techologies? (/showthread.php?tid=1944)
Thoughts on Lumen Techologies? - ken-do-nim - 12-24-2020
Lumen is the highest dividend stock on the S&P 500. It looks like it went public on March 1st. The dividend is 10.10%.
RE: Thoughts on Lumen Techologies? - vbin - 12-24-2020
(12-24-2020, 08:04 AM)ken-do-nim Wrote: Lumen is the highest dividend stock on the S&P 500. It looks like it went public on March 1st. The dividend is 10.10%.
Burry been buying it. Buffet had it when It was only Century link for some time I think and then he gave up. There is value but very risky also. I have some.
RE: Thoughts on Lumen Techologies? - EricL - 12-24-2020
Take a look at the long-term performance, this is likely not a stock you want to own for anything other than a trade or speculation.
[attachment=251]
Has a junk BB credit rating, negative earnings growth over the last ten years, and multiple dividend cuts.
Looks like a classic value trap to me, not a high-quality dividend growth type of investment.
RE: Thoughts on Lumen Techologies? - vbin - 12-24-2020
(12-24-2020, 11:21 AM)EricL Wrote: Take a look at the long-term performance, this is likely not a stock you want to own for anything other than a trade or speculation.
Has a junk BB credit rating, negative earnings growth over the last ten years, and multiple dividend cuts.
Looks like a classic value trap to me, not a high-quality dividend growth type of investment.
Yup, I bought some in excitement of Burry's news and some other value thesis I found online. There are better investments. I will be existing asap.
RE: Thoughts on Lumen Techologies? - fenders53 - 12-25-2020
Almost always the same story when yield is double or more of normal. Look hard and you will usually find excessive debt on a bad balance sheet and/or excess use of leverage involving options trading. A market down hard is about the only exception.
RE: Thoughts on Lumen Techologies? - ken-do-nim - 12-25-2020
I didn't expect to see such bad fundamentals on an S&P 500 stock. Okay thanks all!