Who doesn't love a great telecom on sale? When I saw Frontier’s (FTR) 30% yield earlier this year, it got me researching. Longs kept pointing at price to revenues and depressed valuations. I don't think it'll matter much if it can't service its debt, and that's shaping up to be a continuing concern. Frontier is weak operationally, fiscally, and as an investment. Management has not crafted a coherent plan to exit without significant debt restructuring.
Source: Tampa Bay Herald
Broken business + too much debt = serious issues
It’s common knowledge that Frontier bought a lot of assets and taken on a lot of debt.