Earlier this winter ago I came right out and said that an investment in Frontier Communications Corporation (NASDAQ:FTR) was absolutely indefensible. The stock now sits at a 52-week low. Now I will be clear and tell you that his has been a stock that I have been following for a while. For a long time prior to this absolutely correct call, I had worries over the company's dividend, and sure enough, it had been cut over time. Back in the fall I told you plainly that the loss of customers was unsustainable, and I reiterated this sentiment when I called an investment in the name indefensible. Things have gone so poorly the company will do a 1 for 15 reverse split. Reverse splits are a kiss of death. Take a look at 99% of companies that have reverse split. They almost always go down. As long as your cash isn't in the name it doesn't matter. The stock has been a mess and with the loss of that much of the dividend, followed by another round of poor earnings, investors are getting wiped out. I would like to discuss these earnings, but also a piece of positive news that I think is good the company.
