|
|
|
|
||
Re: Lumen to Sell Latin American Business to Stonepeak for $2.7BI’d be interested to know the FCF of the LATAM business. $2B of debt reduction will save $100-120M in interest costs, and $700M buyback at a price around $15 will save around $50M from the dividend. If the FCF from LATAM is under $150-170M (and I would guess that it is) it’s a good deal. Even if it isn’t the fact that it was sold for 9x EBITDA clearly shows the undervaluation of the business as a whole. |
return to message board, top of board |