Uniti Group: 17% Yield Bonds Offer A Better Play Than The Stock
UNITUniti(UNIT) Seeking Alpha·2024-07-09 00:10

John M Lund Photography Inc In December 2023, we downgraded Uniti Group Inc. (NASDAQ:UNIT) to a Sell as the firm was flying high once again on hopes of a business revival. We then reiterated a "Sell" rating on the stock as the news of the "auspicious" merger with Windstream hit the wires. But we think the slow realization here will be that the REIT status will make an exit. With that, the dividend is likely to go to zero as well. We don't have the finer details on Windstream's financials, but they are not g ...