Is CenturyLink a Buy?
You're not likely to win the Miss Congeniality sash in a year in which you whack your dividend by more than half and serve up negative year-over-year revenue growth across all five of your business units. CenturyLink (NYSE: CTL) isn't at its best right now, just like many of the independent local exchange carriers that are facing an uphill battle against a stiff breeze.
However, there's also a reasonable bullish argument to be made that the stock -- down 44% over the past year -- has taken a bigger hit than the business's fundamentals have. A lot of the near-term storm clouds seem to be priced into the shares, making it a tempting stock purchase for an income investor with an elevated risk tolerance. CenturyLink is calling, even if there aren't a lot of investors feeling brave enough to answer.
Image source: CenturyLink.
Source Fool.com
