Here's yet another non-surprise in regards to FairPoint Communications and their ongoing financial and operations difficulties: The New York Stock Exchange delisted FairPoint today. Their stock fell to a little over 10¢ per share after the NYSE's action.
And the hits keep on coming.
Let this be a lesson for Frontier Communications, a firm that spent far too much money for some more of Verizon's rural wireline assets. That's what caused FairPoint's problems. I have a feeling Frontier end up in the same boat.
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