By Bill Zettler
Summary
- Frontier eliminated its dividend adding 0 million/year in cash flow.
- Frontier's Convertible Preferred converts in June adding another 4 million/yr. to cash flow.
- Beyond dividend savings 2018 free cash flow is projected at 0 million.
- Further cost cuts of 0 million expected by end of the second quarter, 2018.
- Using these funds to buy back debt could produce a profit by the end of 2018.
Frontier Communications (NYSE:FTR) recently announced the elimination of its common share dividend and said it was determined to use that money to pay down FTR's huge debt burden.
formatting link