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FairPoint Communications FRP

"FairPoint is the seventh- largest local telephone firm in the United States, following its acquisition of Verizon's northern New England assets. It operates in 18 states serving 1.4 million access lines, though nearly 90% of these are in Maine, New Hampshire, and Vermont. The firm was founded in 1991 and has its headquarters in Charlotte, N.C."


NDAQ:FRP - Post by User

Post by investor2003on Feb 12, 2007 5:17am
343 Views
Post# 12214001

these Greek permits not a done deal

these Greek permits not a done dealDid lot's of DD on FRP this weekend. This was Normandy's mine , then Newmont, then in 2003, sold to FRP. Hummmm.... reading a 2003 story, saying they think within 3 years they are in construction mode...well we are near March of 2007 and still nothing. They may think it's a done deal, but my guess, is not. I think management is too optimistic. Anyway, paying 120 million $ for this huge risk, which can over night, crash this stock to 0.25$, is very risky. No way I'd pay more than 0.60$. Won't chase it, but good luck all. Look at Gbu, it's not a done deal either after almost 20 years!!! If there is big resistance once, twice, then chances are there will always be huge public resistance. https://www.mineweb.net/events/conferences/2003/sfic/17740.htm
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