Thursday, February 9, 2012

Level 3 Grows; Yahoo! Shakes Up Board

Level 3 Communications (LVLT) reported 4Q'11 results prior to the market opening yesterday (02012.02.08). The company's press release started with the following guidance: "Company Expects Adjusted EBITDA Growth of 20 to 25 Percent in 2012." Level 3 free cash flow of $103 million for 4Q'11. It appears investors agreed with this assessment: "Having just passed the milestone of 100 days since closing the Global Crossing acquisition, we are pleased with the progress we have made in coming together as one company," said Jeff Storey, President and COO of Level 3." LVLT closed yesterday (02012.02.08) at $21.31. 52-week range: $16.51 - $40.05

Back on 02011.04.11 I accidently bought some LVLT at $26.10. I opted to hold onto the shares because I like Level 3 is a provider of Internet pipes (and manhole covers). Right now it appears as though I won't be writing another "The Case of the Accidental Double" anytime soon.

Yahoo! (YHOO) announced major changes to it Board after the market closed two days on 02012.02.07. I thought investors wanted this to happen, but YHOO closed yesterday at $15.78. 52-week range: $11.09 - $18.84

[update::02012.02.09] Reuters reported early this morning (02012.02.09) that trading in Alibaba shares had been halted. Reuters also reported that Yahoo!'s "stake in Alibaba Group could be worth up to $13 billion." That's approximately $10.48 per YHOO share.

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