Re: Voice/V&C Decay Rates
""""""""""Clearly we see traditional voice falling faster but uptake in services such as Zoom+LUMN is slowing that rate of decline. And, in one case it's showing (gasp) YoY growth. This of course makes sense as the old voice gets smaller and the new V&C gets bigger the rate of decline slows, stops and reverse (Enterprise V&C being the example).
I like to watch these numbers because one only needs to go back and pull WS pov on voice/V&C and read their analysis re how this whole business was going to be a 0 in 36 months. Those folks haven't done the work to understand our comp advantage due to LVLT's voice circuits.""""""""""""
This is the premise of why I had taken tax losses and reentered increasing my overall position, ie the melting ice cube showing signs of a slower melt. And it was precisely what happened at LVLT when enterprise started to offset the decline in Wholesale. It was at that point when WS analyst started changing to a more favorable outlook and the stock did much better. That was the turning point for LVLT and I think the turning point for LUMN will be very similar in terms of timing. Once the cube stops melting and revs start to grow we will see significant improvements in the stock price.