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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

Bullboard Posts
Comment by yankee1on Jun 17, 2000 2:32pm
57 Views
Post# 2077739

RE: 1.00

RE: 1.00.98 or $1.00, I don't think it makes much difference. At some point soon we are going to see this thing blast off - the exact timing I'm not 100% sure of. My hunch is that we're going to still some more positioning still, which means continued back-and-forth action around the $1.00 level, give or take 10%. A large block or two could go through as well at these levels. So that by the time the CDNX approval comes thru (which could be any day through the end of June), all the positioning will be complete and almost all the loose stock will be cleaned up. Then it's off to the races. I must admit I'm a little perplexed about this impending news release and its timing - something was supposed to come out Thursday or Friday, now the rumor is Monday or early next week. If it's a market-moving news release, which I've been led to believe, then I would think it'll be issued later rather than sooner, for reasons stated above - and perhaps that's why somebody slammed on the brakes. Like I stated yesterday, it's sort of like we're engaging in foreplay at the moment. It's only a matter of time before the serious stuff starts. Bottom line, hold and/or accumulate more. This is a great situation to invest in.
Bullboard Posts