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INVESTOR ALERT: Brower Piven Commences An Investigation Into The Propo...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of FairPoint Communications, Inc. (Nasdaq: FRP) (“FairPoint” or the “Company”) relating to the proposed buyout of FairPoint by Consolidated Communications Holdings, Inc. Under the terms of the agreement, shareholders of FairPoint will receive 0.7300 shares of Consolidated Communicatio...
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Conce...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased FairPoint Communications, Inc. (NASDAQ:FRP) stock prior to December 5, 2016. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of FairPoint Communications to Consolidated Communications Holdings, Inc. (NASDAQ:CNSL). Consolidated Communications will acquire FairPoint in an all-stock merger transaction valued at approximatel...
SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Pr...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of FairPoint Communications, Inc. (Nasdaq: FRP) (“FairPoint” or the “Company”) relating to the proposed buyout of FairPoint by Consolidated Communications Holdings, Inc. Under the terms of the agreement, shareholders of FairPoint will receive 0.7300 shares of Consolidated Communicatio...
INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation into ...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased FairPoint Communications, Inc. (NASDAQ:FRP) stock prior to December 5, 2016. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of FairPoint Communications to Consolidated Communications Holdings, Inc. (NASDAQ:CNSL). Consolidated Communications will acquire FairPoint in an all-stock merger transaction valued at approximatel...
FairPoint Communications Inc. Shareholder Alert: Former SEC Attorney W...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of FairPoint Communications Inc. (“FairPoint”) (NasdaqCM: FRP) concerning the merger with Consolidated Communications Holdings Inc. (NasdaqGS: CNSL). Under the terms of the agreement, FairPoint shareholders will only receive 0.7300 shares of CNSL stock per FairPoint share held. Based on the closing price of Con...
FAIRPOINT COMMUNICATIONS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P....
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of FairPoint Communications, Inc. (NASDAQ CM: FRP)? Did you purchase any of your shares prior to December 5, 2016? Do you think the proposed buyout value is too low? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of FairPoint Communications, Inc. (“FairPoint” or the “Company...
Respect the law
​Fairpoint Group provides a range of consumer targeted professional services. The group's core business is a consumer legal operation (76% of H1, 2016 revenues), supported by legacy debt solutions services.Progress in H1 pivoted on successful integration of newer parts of the group's Legal Services division, its growing scale and achievement of key strategic targets. This is driving Fairpoint's transformation into a focused legal services business with well-defined strategies and visible growt...
Legal services driving growth
​Fairpoint Group provides a range of retail consumer targeted professional services pivoted on debt solutions and legal services. The group's four core business segments are: consumer legal services, IVA, debt management plan and claims management services.FY'15 results yesterday revealed a number of positive core messages: double-digit growth in legal services' revenues and adjusted profit; continued cash generation and attractive operating margins from debt solutions; a strong balance sheet ...
FY 2015 on track
​Fairpoint provides a range of retail consumer targeted professional services pivoted on debt solutions and legal services and today gave a reassuring update on trading, saying that FY15 results will be in line with expectations. That means 'double digit' year-on-year growth in segmental revenues and adjusted profit and improved margins.Importantly, the potential impact of proposed changes to small claims limits and whiplash claims outlined in the Autumn Statement has no impact this year, look...
Still motoring
Fairpoint's shares fell yesterday due to concerns over how proposals in the Chancellor's Autumn Statement could affect the performance of its consumer legal services operation. As per today's company statement, there is no impact on expectations for the current year or FY16. The Chancellor referred to an intention to reform "the compensation culture around minor motor accident injuries." However, the immediate FRP share price reaction seems to overlook that: - the timing of any implementation,...
Resilient model offers much more growth
Fairpoint provides retail consumers with professional services in two broad areas: debt solutions and legal services. The last two years has seen progressive improvement in the balance of the product portfolio as growth in legal services, both organic and acquisition based, has comfortably offset regulatory driven headwinds in its traditional IVA and debt management markets. Management has performed well, delivering resilient financial performances despite difficult markets during the four year ...
Strong growth driven by legal services acquisitions
​Fairpoint Group has now evolved into a broadly based professional services business. The success of the diversification policy is shown in today's interim results with a 64% increase in revenue and the 21% rise in "adjusted profits" (IFRS profits rose by even more) despite the 30.4% fall in the number of IVAs passed in the half-year and a significantly greater fall in the value of those cases. As a result of last month's trading statement we had already revised upwards our forecast for full y...
A Longer arm of the law
​Fairpoint has announced the immediately earnings enhancing acquisition of the Colemans-CTTS legal services business for an initial payment of £9m, with further contingent payments of up to £7m, and also published a positive trading update on the first half ahead of the interim results next month. The acquisition is a further major step on the way towards Fairpoint's target of creating a top 5 legal services business through acquisitions and organic growth, and follows the successful acquisi...
Delivering growth, with more to come
Fairpoint has produced profits before exceptionals of £9.25m, 15% higher than in 2013 and modestly better than our forecast of £9.12m, leading to adjusted earnings per share of 17.17p (up 14% and again modestly better than forecast) and dividends of 6.4p for the year. More significantly in the long run, 2014 saw its expansion into legal services with the major acquisition of Simpson Millar in June, followed by the add-on acquisition of the much smaller Fosters in July. The group also took adva...
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