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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 Dec 01, 2000 9:56pm
79 Views
Post# 2923282

RE: Somethings Up?

RE: Somethings Up? The latest rumor I heard was that the CDNX approval was very, very close. They also have enough cash coming in thru Otherways that they don't need to go the market to raise money at the moment, which is good in the sense the stock will not be diluted at these levels. I heard other rumors involving a possible contract or project that sounded interesting as well. In any event, the build-up in the bids was impressive to say the least, and some of the offers disappeared as well. Less than 10,000 shares showing to 40 cents. If there's follow-through on Monday, it could turn out to be a very interesting week. Insiders are buying and that's always a GOOD sign.
Bullboard Posts