Why 2017 Was a Year to Forget for Frontier Communications Corporations Corp.
2017 has not been kind to investors in Frontier Communications (NASDAQ: FTR). Share prices have plunged 85% lower, triggering a couple of desperation moves along the way. And the regional telecom's troubles show no signs of ending anytime soon.
Frontier has struggled with structural problems for many years. In an effort to shore up falling revenues, the company has resorted to making large, splashy acquisitions of network territories where the original owner had given up on profitable growth. And each time, Frontier's quarterly sales spiked only to start sliding downward again. And profit margins have rarely moved upward, despite the acquisition-boosted economies of scale:
Source: Fool.com
