Overview:
Frontier Communications (NYSE:FTR) has just recently hit a 34-year low of $1.20. This pummeling took place after a less-than-sterling Q1 report. It is obvious that integrating its 2016 purchase of Verizon (NYSE:VZ) properties has not gone as smoothly as it had anticipated. It is not unlike the problems the company had with a previous Verizon purchase in 2010. However, I believe most of the integration problems are behind it.
In this article, I will explain why the Frontier Mandatory Convertible Preferred Debenture (FTRPR) due June 28, 2018, is an excellent investment to make for the next 14 months or so.
