Summary
- Frontier Communications appointed a new full-time CFO, and it elected three new board members, which sent its shares down by 12%.
- We can expect some major restructuring and reorganizing changes at Frontier Communications in the coming months.
- I would reiterate that risk-averse investors should avoid investing in the stock altogether.
Frontier Communications (FTR) is making headlines once again. Its shares fell 12% right after it announced changes in its top brass. While there may not be an imminent threat to the company, the churn in its top-level roster suggests that there may be some drastic restructuring and reorganizing changes coming ahead that can hurt the interest of its shareholders over the short to medium term time horizon. I would reiterate that long-side investors would be better off if they avoided investing in the company altogether. Let’s take a closer look to have a better understanding of it all.
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