1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (7467) 

Mason Hawkins Comments on Level 3 Communications

February 17, 2014 | About:
Level 3 Communications (LVLT) was a key contributor in the fourth quarter, adding 24% and boosting 2013 gains to 44%. The company reported strong results following the appointment of Jeff Storey as CEO in April. Revenue growth and significant cost reductions improved margins. The company also refinanced $2.6 billion in debt. Large internet-based companies looking to control their customer connections highlighted the value of Level 3's dark fiber, which is not reflected in revenues. As management continues to execute, value growth should be meaningful. Growing revenues will especially benefit Level 3 given its fixed-cost asset base, lower-than-average maintenance capital spending, and minimal tax liability.

From Mason Hawkins (Trades, Portfolio)' 2013 Longleaf Partners Fund management discussion.

Rating: 0.0/5 (0 votes)


Please leave your comment:

GuruFocus has detected 3 Warning Signs with Level 3 Communications Inc $LVLT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Holly LaFon

User Generated Screeners

rossgivensTweedy Brown
ntelumPAUL SALES 30
tlimScreen 1
itflpalmsYacktman ROR
kkopacz.bizLow PEG Upturn
jtepper2Cheap Energy
DBrizanmon mmm mmc mck lmt lly lltc
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)