In this article, let´s take a look at CenturyLink, Inc. (CLT), a $23.64 billion market cap, which is an integrated communications company, engaged primarily in providing an array of communications services to its residential, business, governmental and wholesale customers.
So in this article, let's take a look at a model which is applicable to stable, mature, dividend-paying firms and try to find the intrinsic value of the stock. Although the model has a number of characteristics that make it useful and appropriate for many applications, is by no means the be-all and end-all for valuation. The purpose is to force investors to evaluate different assumptions about growth and future prospects. Continue Reading »