May 15, 2017
We are buying a rather large position in CenturyLink Corporate bonds today. Below is a description and a link to a recent article on seekingalpha.com.
BUSINESS: CenturyLink is a global communications, hosting, cloud and IT services company enabling millions of customers to transform their businesses and their lives through innovative technology solutions. CenturyLink offers network and data systems management, Big Data analytics and IT consulting, and operates more than 55 data centers in North America, Europe and Asia. The company provides broadband, voice, video, data and managed services over a robust 250,000-route-mile U.S. fiber network and a 300,000-route-mile international transport network.
CUSIP: 156700AS5. Mature March 2022. Yield to Maturity: 4.78
CTL stock is paying almost 9% but we would NOT recommend buying. It has dropped from $41 down to $25 and appears to be stabilizing but still too risky for us. There are financial advisors out there that anticipate the stock will start turning up…..and this would be a good entry point.