There's a Preferred Approach on Frontier

Frontier Communications' (FTR) share price decline has been striking, especially since it has occurred against the backdrop of an exuberant market. Frontier shares have lost more than half their value in the past 12 months, and even after a bounce today, FTR shares are yielding an eye-popping 16.5%. 

That's fool's gold, isn't it? Buying a common stock for that type of yield can only lead to heartbreak when the company's board cuts the payout. I'm actually hoping FTR's board does come to their senses and slash the payout or, optimally, omit it entirely. Why? Because I'm invested in a different part of Frontier's capital structure. ...579 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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