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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 tas20on Oct 22, 2004 7:45am
235 Views
Post# 8080185

good news bears

good news bears not quite the title of alan greenspan take on the us economy but my take on frp and the next couple of months. i was about to update my perception on frp when to my delight i read this morning that a company has acquired 27% of the total outstanding shares by exercising their receits from the previously announced financing done wayyyy back in april. QUESTION WHY? ANSWER the projects that frp has on its books musst be very close to completion.im open for other suggestions. if this is the case then go back several postings where i have demonstrated a hypothetical price reaction to a 170,000 oz.per year production scenario based on Newmonts 3 year history at THE SAME MINE!!!! DOES IT GET ANY BETTER IN THIS BUSINESS
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