Shrinking traditional business and hefty debt have made wireline phone companies a reliable income source for short sellers in recent years. The game, however, has moved on.
It’s practically an article of faith among short sellers that betting against wireline phone companies is close to a sure thing.
That’s likely to prove disastrous, however, in the case of Consolidated Communications (NSDQ: CNSL), the only company in the sector not to cut its original dividend.
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