Frontier Communications Continued to Struggle with Broadband Customer Loss; Shares Undervalued
Frontier reported disappointing fourth-quarter results as its broadband customer base continues to shrink at a rapid pace, although management attributed some lost customers to management’s initiatives to close aging or overdue accounts. Since the firm took over the Verizon assets and customer base in second-quarter 2016, the firm has lost between 20% and 25% of customers acquired. We believe a good portion of these accounts are organic loss to competitors instead of idle accounts. Even if we ta...Frontier Communications is a holding company. Through its subsidiaries, the company is a provider of communications services. The company conducts business with both consumer and commercial customers. For consumer customers, the company provides broadband, video, voice and other services and products. The company delivers these services over a combination of fiber and copper-based networks. The company's commercial customers consist of: small, medium and larger enterprise customers, whereby the company provides services including broadband service, Ethernet service, circuit-based services, SD-WAN, and managed Wi-Fi; and wholesale customers, which buy both voice and data services to supplement their own network infrastructure.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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