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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry
vs
history
Cash-to-Debt 0.04
FRP's Cash-to-Debt is ranked lower than
89% of the 454 Companies
in the Global Telecom Services industry.

( Industry Median: 0.44 vs. FRP: 0.04 )
Ranked among companies with meaningful Cash-to-Debt only.
FRP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.03 Max: No Debt
Current: 0.04
Equity-to-Asset -0.06
FRP's Equity-to-Asset is ranked lower than
94% of the 453 Companies
in the Global Telecom Services industry.

( Industry Median: 0.41 vs. FRP: -0.06 )
Ranked among companies with meaningful Equity-to-Asset only.
FRP' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.41  Med: -0.02 Max: 0.58
Current: -0.06
-0.41
0.58
Interest Coverage 2.17
FRP's Interest Coverage is ranked lower than
72% of the 370 Companies
in the Global Telecom Services industry.

( Industry Median: 7.30 vs. FRP: 2.17 )
Ranked among companies with meaningful Interest Coverage only.
FRP' s Interest Coverage Range Over the Past 10 Years
Min: 0.36  Med: 1.9 Max: 2.77
Current: 2.17
0.36
2.77
Piotroski F-Score: 7
Altman Z-Score: 0.64
Beneish M-Score: -4.89
WACC vs ROIC
7.44%
15.20%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating Margin % 21.80
FRP's Operating Margin % is ranked higher than
92% of the 453 Companies
in the Global Telecom Services industry.

( Industry Median: 7.70 vs. FRP: 21.80 )
Ranked among companies with meaningful Operating Margin % only.
FRP' s Operating Margin % Range Over the Past 10 Years
Min: -42.18  Med: -9.12 Max: 27.82
Current: 21.8
-42.18
27.82
Net Margin % 7.53
FRP's Net Margin % is ranked higher than
82% of the 455 Companies
in the Global Telecom Services industry.

( Industry Median: 3.68 vs. FRP: 7.53 )
Ranked among companies with meaningful Net Margin % only.
FRP' s Net Margin % Range Over the Past 10 Years
Min: -43.08  Med: -12.54 Max: 12.63
Current: 7.53
-43.08
12.63
ROA % 4.94
FRP's ROA % is ranked higher than
81% of the 462 Companies
in the Global Telecom Services industry.

( Industry Median: 2.38 vs. FRP: 4.94 )
Ranked among companies with meaningful ROA % only.
FRP' s ROA % Range Over the Past 10 Years
Min: -16.73  Med: -6.52 Max: 8.15
Current: 4.94
-16.73
8.15
ROC (Joel Greenblatt) % 17.16
FRP's ROC (Joel Greenblatt) % is ranked higher than
62% of the 458 Companies
in the Global Telecom Services industry.

( Industry Median: 14.31 vs. FRP: 17.16 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
FRP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -22.32  Med: -6.21 Max: 21.43
Current: 17.16
-22.32
21.43
3-Year Revenue Growth Rate -5.40
FRP's 3-Year Revenue Growth Rate is ranked lower than
73% of the 399 Companies
in the Global Telecom Services industry.

( Industry Median: 2.40 vs. FRP: -5.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
FRP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -4.1 Max: 44.1
Current: -5.4
0
44.1
3-Year EBITDA Growth Rate 37.70
FRP's 3-Year EBITDA Growth Rate is ranked higher than
92% of the 343 Companies
in the Global Telecom Services industry.

( Industry Median: 1.60 vs. FRP: 37.70 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
FRP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 1.25 Max: 61.3
Current: 37.7
0
61.3
GuruFocus has detected 3 Warning Signs with FairPoint Communications Inc $FRP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» FRP's 30-Y Financials

Financials (Next Earnings Date: 2017-07-25 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

FRP Guru Trades in Q2 2016

Jeremy Grantham 32,900 sh (New)
Barrow, Hanley, Mewhinney & Strauss 130,644 sh (+8.15%)
Jim Simons 1,077,100 sh (+0.76%)
Bernard Horn 96,673 sh (unchged)
Joel Greenblatt 24,702 sh (-26.63%)
» More
Q3 2016

FRP Guru Trades in Q3 2016

Joel Greenblatt 26,076 sh (+5.56%)
Bernard Horn 96,673 sh (unchged)
Barrow, Hanley, Mewhinney & Strauss Sold Out
Jim Simons 1,055,600 sh (-2.00%)
Jeremy Grantham 11,690 sh (-64.47%)
» More
Q4 2016

FRP Guru Trades in Q4 2016

Joel Greenblatt 41,641 sh (+59.69%)
Jim Simons 1,477,800 sh (+40.00%)
Bernard Horn Sold Out
Jeremy Grantham Sold Out
» More
Q1 2017

FRP Guru Trades in Q1 2017

Jim Simons 1,298,426 sh (-12.14%)
Joel Greenblatt 27,071 sh (-34.99%)
» More
» Details

Insider Trades

Latest Guru Trades with FRP

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Business Description

Industry: Communication Services » Telecom Services    NAICS: 517919    SIC: 4813
Compare:NYSE:I, NYSE:IDT, NYSE:NTL, NAS:SPOK, NAS:SONS, NAS:LMOS, NAS:PDVW, NAS:HCOM, OTCPK:ASEJF, NYSE:HCHC, OTCPK:MTENY, NAS:IGLD, NAS:BCOM, NYSE:OOMA, NAS:WIFI, NAS:SIFY, OTCPK:MGPPF, NAS:ALSK, NAS:CALL, NAS:IPAS » details
Traded in other countries:FONN.Germany,
Headquarter Location:USA
FairPoint Communications Inc provides communications services to business, wholesale and residential customers. It service offerings includes Data and Internet Services; Voice Services; Access; and Other Services.

FairPoint is the seventh- largest local telephone firm in the United States, following its acquisition of Verizon's northern New England assets. It operates in 18 states serving 1.4 million access lines, though nearly 90% of these are in Maine, New Hampshire, and Vermont. The firm was founded in 1991 and has its headquarters in Charlotte, N.C.

Top Ranked Articles about FairPoint Communications Inc

FairPoint Communications to Release 2017 First Quarter Results
FairPoint Communications and Consolidated Shareholders Overwhelmingly Approve Merger

Deal on track to close mid-2017 following regulatory approvals

CHARLOTTE, N.C., March 28, 2017 (GLOBE NEWSWIRE) -- FairPoint Communications, Inc. (NASDAQ:FRP) (“FairPoint” or the “Company”) shareholders today voted to adopt the merger agreement between FairPoint and Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) during a special meeting.  Approximately 96 percent of FairPoint shareholders who voted on the proposal cast their vote in favor of the merger, representing 74 percent of the Company’s outstanding stock as of the record date.  Consolidated Communications also held a special meeting today where approximately 98 percent of Consolidated shareholders who voted on the proposal voted in favor of the merger, representing 71 percent of Consolidated’s outstanding shares as of the record date.
Under the terms of the agreement, FairPoint shareholders will receive a fixed exchange ratio of 0.7300 shares of Consolidated Communications common stock for each share of FairPoint common stock.  After closing, Consolidated's shareholders will own approximately 71.3 percent of the pro forma combined company and FairPoint's shareholders will own 28.7 percent. Consolidated has received Hart-Scott-Rodino Act clearance and secured the financing to fund the acquisition at favorable rates.  Consolidated and FairPoint are in the process of securing the necessary state and federal regulatory approvals to complete the merger and expect the transaction to close by mid-2017. About FairPoint Communications, Inc. FairPoint Communications, Inc. (NASDAQ:FRP) provides advanced data, voice and video technologies to single and multi-site businesses, public and private institutions, consumers, wireless companies and wholesale re-sellers in 17 states. Leveraging an owned, fiber-based Ethernet network - with more than 22,000 route miles of fiber, including approximately 18,000 route miles of fiber in northern New England - FairPoint has the network coverage, scalable bandwidth and transport capacity to support enhanced applications, including the next generation of mobile and cloud-based communications, such as small cell wireless backhaul technology, voice over IP, data center colocation services, managed services and disaster recovery.  For more information, visit www.FairPoint.com.  Cautionary Note Regarding Forward-looking Statements The SEC encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions.  Certain statements in this communication are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995.  These forward-looking statements reflect, among other things, current expectations, plans, strategies, and anticipated financial results of Consolidated and FairPoint, both separately and as a combined entity.  There are a number of risks, uncertainties, and conditions that may cause the actual results of Consolidated and FairPoint, both separately and as a combined entity, to differ materially from those expressed or implied by these forward-looking statements.  These risks and uncertainties include the timing and ability to complete the proposed acquisition of FairPoint by Consolidated, the expected benefits of the integration of the two companies and successful integration of FairPoint’s operations with those of Consolidated and realization of the synergies from the integration, as well as a number of factors related to the respective businesses of Consolidated and FairPoint, including economic and financial market conditions generally and economic conditions in Consolidated’s and FairPoint’s service areas; various risks to stockholders of not receiving dividends and risks to Consolidated’s ability to pursue growth opportunities if Consolidated continues to pay dividends according to the current dividend policy; various risks to the price and volatility of Consolidated’s common stock; changes in the valuation of pension plan assets; the substantial amount of debt and Consolidated’s ability to repay or refinance it or incur additional debt in the future; Consolidated’s need for a significant amount of cash to service and repay the debt and to pay dividends on its common stock; restrictions contained in Consolidated’s debt agreements that limit the discretion of management in operating the business; legal or regulatory proceedings or other matters that impact the timing or ability to complete the acquisition as contemplated, regulatory changes, including changes to subsidies, rapid development and introduction of new technologies and intense competition in the telecommunications industry; risks associated with Consolidated’s possible pursuit of acquisitions; system failures; losses of large customers or government contracts; risks associated with the rights-of-way for the network; disruptions in the relationship with third party vendors; losses of key management personnel and the inability to attract and retain highly qualified management and personnel in the future; changes in the extensive governmental legislation and regulations governing telecommunications providers and the provision of telecommunications services; telecommunications carriers disputing and/or avoiding their obligations to pay network access charges for use of Consolidated’s and FairPoint’s network; high costs of regulatory compliance; the competitive impact of legislation and regulatory changes in the telecommunications industry; liability and compliance costs regarding environmental regulations; the possibility of disruption from the integration of the two companies making it more difficult to maintain business and operational relationships; the possibility that the acquisition is not consummated, including, but not limited to, due to the failure to satisfy the closing conditions; the possibility that the merger or the acquisition may be more expensive to complete than anticipated, including as a result of unexpected factors or events; and diversion of management’s attention from ongoing business operations and opportunities.  A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements are discussed in more detail in the joint proxy statement of Consolidated and FairPoint, which also constitutes a prospectus of Consolidated, filed by Consolidated with the SEC pursuant to Rule 424(b)(3) on February 24, 2017 (the "Joint Proxy Statement/Prospectus") and in Consolidated’s and FairPoint’s respective filings with the SEC, including the Annual Report on Form 10-K of Consolidated for the year ended December 31, 2016, which was filed with the SEC on March 1, 2017, under the heading “Item 1A-Risk Factors,” and the Annual Report on Form 10-K of FairPoint for the year ended December 31, 2015, which was filed with the SEC on March 2, 2016, under the heading “Item 1A-Risk Factors,” and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by each of Consolidated and FairPoint. Many of these circumstances are beyond the ability of Consolidated and FairPoint to control or predict.  Moreover, forward-looking statements necessarily involve assumptions on the part of Consolidated and FairPoint.  These forward-looking statements generally are identified by the words “believe,” “expect,” “anticipate,” “estimate,” “project,” “intend,” “plan,” “should,” “may,” “will,” “would,” “will be,” “will continue” or similar expressions.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Consolidated and FairPoint, and their respective subsidiaries, both separately and as a combined entity to be different from those expressed or implied in the forward-looking statements.  All forward-looking statements attributable to us or persons acting on the respective behalf of Consolidated or FairPoint are expressly qualified in their entirety by the cautionary statements that appear throughout this communication.  Furthermore, forward-looking statements speak only as of the date they are made.  Except as required under the federal securities laws or the rules and regulations of the SEC, each of Consolidated and FairPoint disclaim any intention or obligation to update or revise publicly any forward-looking statements.  You should not place undue reliance on forward-looking statements.
Investor Relations Contact:
Paul Taaffe
(704) 227-3623
[email protected]

Media Contact:
Angelynne Beaudry
(207) 210-3079
[email protected]

Read more...
Consolidated Communications and FairPoint Shareholders Overwhelmingly Approve Merger

Deal on track to close mid-2017 following regulatory approvals

MATTOON, Ill., March 28, 2017 (GLOBE NEWSWIRE) -- Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) shareholders today voted to approve the issuance of Consolidated Communications common stock pursuant to the merger agreement between Consolidated Communications and FairPoint Communications, Inc. (NASDAQ:FRP) during a special meeting. Approximately 98 percent of Consolidated Communications shareholders who voted on the proposal cast their vote in favor of the merger, representing 71 percent of the Company’s outstanding stock as of the record date.  FairPoint also held a special meeting today where approximately 96 percent of FairPoint shareholders who voted on the proposal voted in favor of the merger, representing 74 percent of FairPoint’s outstanding shares as of the record date.
“Today our shareholders voted overwhelmingly in favor of the merger bringing together two companies to create one strong, leading, business and broadband provider serving 24 states,” said Bob Udell, president and chief executive officer at Consolidated Communications.  â€œWe are committed to driving long-term growth and creating value for our stakeholders.  This merger positions Consolidated to leverage its extensive product and services portfolio across an expanded network bringing operational and service benefits to customers.” 
Under the terms of the agreement, FairPoint shareholders will receive a fixed exchange ratio of 0.7300 shares of Consolidated Communications common stock for each share of FairPoint common stock.  After closing, Consolidated's shareholders will own approximately 71.3 percent of the pro forma combined company and FairPoint's shareholders will own 28.7 percent. Consolidated has received Hart-Scott-Rodino Act clearance and secured the financing to fund the acquisition at favorable rates.  Consolidated and FairPoint are in the process of securing the necessary state and federal regulatory approvals to complete the merger and expect the transaction to close by mid-2017.
About Consolidated Communications
Consolidated Communications provides business and broadband communications services across its 11-state service area to carrier, commercial and consumer customers. For more than a century, the Company has consistently provided innovative, reliable, high-quality products and services. The Company offers a wide range of communications solutions including: High-Speed Internet, Data, Digital TV, Phone, managed and cloud services and wireless backhaul over an extensive fiber optic network.
Safe Harbor
The Securities and Exchange Commission (“SEC”) encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions.  Certain statements in this communication are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995.  These forward-looking statements reflect, among other things, current expectations, plans, strategies, and anticipated financial results of Consolidated Communications Holdings, Inc. (the “Company”) and FairPoint Communications, Inc. (“FairPoint”), both separately and as a combined entity.  There are a number of risks, uncertainties, and conditions that may cause the actual results of the Company and FairPoint, both separately and as a combined entity, to differ materially from those expressed or implied by these forward-looking statements.  These risks and uncertainties include the timing and ability to complete the proposed acquisition of FairPoint by the Company, the expected benefits of the integration of the two companies and successful integration of FairPoint’s operations with those of the Company and realization of the synergies from the integration, as well as a number of factors related to the respective businesses of the Company and FairPoint, including economic and financial market conditions generally and economic conditions in the Company’s and FairPoint’s service areas; various risks to stockholders of not receiving dividends and risks to the Company’s ability to pursue growth opportunities if the Company continues to pay dividends according to the current dividend policy; various risks to the price and volatility of the Company’s common stock; changes in the valuation of pension plan assets; the substantial amount of debt and the Company’s ability to repay or refinance it or incur additional debt in the future; the Company’s need for a significant amount of cash to service and repay the debt and to pay dividends on its common stock; restrictions contained in the Company’s debt agreements that limit the discretion of management in operating the business; legal or regulatory proceedings or other matters that impact the timing or ability to complete the acquisition as contemplated, regulatory changes, including changes to subsidies, rapid development and introduction of new technologies and intense competition in the telecommunications industry; risks associated with the Company’s possible pursuit of acquisitions; system failures; losses of large customers or government contracts; risks associated with the rights-of-way for the network; disruptions in the relationship with third party vendors; losses of key management personnel and the inability to attract and retain highly qualified management and personnel in the future; changes in the extensive governmental legislation and regulations governing telecommunications providers and the provision of telecommunications services; telecommunications carriers disputing and/or avoiding their obligations to pay network access charges for use of the Company’s and FairPoint’s network; high costs of regulatory compliance; the competitive impact of legislation and regulatory changes in the telecommunications industry; liability and compliance costs regarding environmental regulations; the possibility of disruption from the integration of the two companies making it more difficult to maintain business and operational relationships; the possibility that the acquisition is not consummated, including, but not limited to, due to the failure to satisfy the closing conditions; the possibility that the merger or the acquisition may be more expensive to complete than anticipated, including as a result of unexpected factors or events; and diversion of management’s attention from ongoing business operations and opportunities.  A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements are discussed in more detail in the joint proxy statement of the Company and FairPoint, which also constitutes a prospectus of the Company, filed by the Company with the SEC pursuant to Rule 424(b)(3) on February 24, 2017, and in the Company’s and FairPoint’s respective filings with the SEC, including the Annual Report on Form 10-K of the Company for the year ended December 31, 2015, which was filed with the SEC on February 29, 2016, under the heading “Item 1A—Risk Factors,” and the Annual Report on Form 10-K of FairPoint for the year ended December 31, 2015, which was filed with the SEC on March 2, 2016, under the heading “Item 1A—Risk Factors,” and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by each of the Company and FairPoint. Many of these circumstances are beyond the ability of the Company and FairPoint to control or predict.  Moreover, forward-looking statements necessarily involve assumptions on the part of the Company and FairPoint.  These forward-looking statements generally are identified by the words “believe,” “expect,” “anticipate,” “estimate,” “project,” “intend,” “plan,” “should,” “may,” “will,” “would,” “will be,” “will continue” or similar expressions.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company and FairPoint, and their respective subsidiaries, both separately and as a combined entity to be different from those expressed or implied in the forward-looking statements.  All forward-looking statements attributable to us or persons acting on the respective behalf of the Company or FairPoint are expressly qualified in their entirety by the cautionary statements that appear throughout this communication.  Furthermore, forward-looking statements speak only as of the date they are made.  Except as required under the federal securities laws or the rules and regulations of the SEC, each of the Company and FairPoint disclaim any intention or obligation to update or revise publicly any forward-looking statements.  You should not place undue reliance on forward-looking statements. 
Company Contact:
Jennifer Spaude
507-386-3765
[email protected]

Read more...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Filing of a Complaint Concerning the Sale of FairPoint Communications, Inc. to Consolidated Communications Holdings, Inc. -- FRP

NEW YORK, March 02, 2017 (GLOBE NEWSWIRE) -- 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 a complaint has been filed in the USDC for the Western District of North Carolina on behalf of shareholders of FairPoint Communications. The complaint concerns 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 approximately $1.5 billion. Under the terms of the transaction, FairPoint shareholders will receive a fixed exchange ratio of 0.7300 shares of Consolidated Communications common stock for each share of FairPoint common stock. To learn more about the action and your rights, go to: http://zlk.9nl.com/FairPoint_FRP or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

Read more...
FairPoint Communications Receives $36.7 Million in New NY Broadband Program Phase 2 Awards

Company Commits $9.3 Million to Expand Broadband Services to Unserved and Underserved Areas in New York

CHARLOTTE, N.C., March 02, 2017 (GLOBE NEWSWIRE) -- FairPoint Communications, Inc. (NASDAQ:FRP), a leading communications provider, announced today that has been awarded $36.7 million in New NY Broadband Program Phase 2 grants.  These grants, combined with an estimated $9.3 million in Company investments, will support the extension and upgrading of high-speed broadband service to 10,321 locations in the Company’s New York service territory.
Over the next two-years, FairPoint plans to upgrade existing equipment and extend its fiber reach to provide faster broadband speeds to underserved areas with a priority of reaching unserved locations, libraries and educational opportunity centers with enhanced service. “We are pleased to receive this grant from the New NY Broadband Program, and we are thrilled with the confidence Governor Cuomo and the members of the New York State Broadband Program Office have shown in FairPoint with these awards,” said Paul H. Sunu, Chief Executive Officer of FairPoint.  “We share the Governor’s commitment to expand and enhance broadband services, and we are excited about how this public/private partnership will positively impact the everyday lives of the residents of the state.” “We are excited to have this opportunity and eager to complete these projects after the closing of our pending acquisition of FairPoint,” commented Bob Udell, President and Chief Executive Officer of Consolidated Communications. “We believe this effort aligns precisely with our strategic priority to enhance and extend fiber networks and to bring high-speed broadband access to communities we serve.” FairPoint looks forward to providing updates as the Company makes progress on the accepted projects. About the New NY Broadband Program
Recognizing the importance of broadband infrastructure and building on prior State investments in broadband deployment, Governor Andrew M. Cuomo in 2015, with legislative support, established the $500 million New NY Broadband Program. The Program provides New York State grant funding to support projects that deliver high-speed Internet access to Unserved and Underserved areas of the State, with priority to Unserved areas, Libraries, and Educational Opportunity Centers.  The Program is the largest and most ambitious state investment in broadband in the nation, with a goal of achieving statewide broadband access in New York by the end of 2018. About FairPoint Communications, Inc.
FairPoint Communications, Inc. (NASDAQ:FRP) provides advanced data, voice and video technologies to single and multi-site businesses, public and private institutions, consumers, wireless companies and wholesale re-sellers in 17 states. Leveraging an owned, fiber-based Ethernet network — with more than 22,000 route miles of fiber, including approximately 18,000 route miles of fiber in northern New England — FairPoint has the network coverage, scalable bandwidth and transport capacity to support enhanced applications, including the next generation of mobile and cloud-based communications, such as small cell wireless backhaul technology, voice over IP, data center colocation services, managed services and disaster recovery.  For more information, visit www.FairPoint.com. About Consolidated Communications
Consolidated Communications (NASDAQ:CNSL) provides business and broadband communications services across its 11-state service area to carrier, commercial and consumer customers. For more than a century, the Company has consistently provided innovative, reliable, high-quality products and services. The Company offers a wide range of communications solutions including: High-Speed Internet, Data, Digital TV, Phone, managed and cloud services and wireless backhaul over an extensive fiber optic network. Safe Harbor The Securities and Exchange Commission (the “SEC”) encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions.  Certain statements in this communication are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995.  These forward-looking statements reflect, among other things, current expectations, plans, strategies, and anticipated financial results of Consolidated Communications Holdings, Inc. (“Consolidated”) and FairPoint Communications, Inc. (“FairPoint”), both separately and as a combined entity.  There are a number of risks, uncertainties, and conditions that may cause the actual results of Consolidated and FairPoint, both separately and as a combined entity, to differ materially from those expressed or implied by these forward-looking statements.  These risks and uncertainties include the timing and ability to complete the proposed acquisition of FairPoint by Consolidated, the expected benefits of the integration of the two companies and successful integration of FairPoint’s operations with those of Consolidated and realization of the synergies from the integration, as well as a number of factors related to the respective businesses of Consolidated and FairPoint, including economic and financial market conditions generally and economic conditions in Consolidated’s and FairPoint’s service areas; various risks to stockholders of not receiving dividends and risks to Consolidated’s ability to pursue growth opportunities if Consolidated continues to pay dividends according to the current dividend policy; various risks to the price and volatility of Consolidated’s common stock; changes in the valuation of pension plan assets; the substantial amount of debt and Consolidated’s ability to repay or refinance it or incur additional debt in the future; Consolidated’s need for a significant amount of cash to service and repay the debt and to pay dividends on its common stock; restrictions contained in Consolidated’s debt agreements that limit the discretion of management in operating the business; legal or regulatory proceedings or other matters that impact the timing or ability to complete the acquisition as contemplated, regulatory changes, including changes to subsidies, rapid development and introduction of new technologies and intense competition in the telecommunications industry; risks associated with Consolidated’s possible pursuit of acquisitions; system failures; losses of large customers or government contracts; risks associated with the rights-of-way for the network; disruptions in the relationship with third party vendors; losses of key management personnel and the inability to attract and retain highly qualified management and personnel in the future; changes in the extensive governmental legislation and regulations governing telecommunications providers and the provision of telecommunications services; telecommunications carriers disputing and/or avoiding their obligations to pay network access charges for use of Consolidated’s and FairPoint’s network; high costs of regulatory compliance; the competitive impact of legislation and regulatory changes in the telecommunications industry; liability and compliance costs regarding environmental regulations; the possibility of disruption from the integration of the two companies making it more difficult to maintain business and operational relationships; the possibility that the acquisition is not consummated, including, but not limited to, due to the failure to satisfy the closing conditions; the possibility that the merger or the acquisition may be more expensive to complete than anticipated, including as a result of unexpected factors or events; and diversion of management’s attention from ongoing business operations and opportunities.  A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements are discussed in more detail in the joint proxy statement of Consolidated and FairPoint, which also constitutes a prospectus of Consolidated, filed by Consolidated with the SEC pursuant to Rule 424(b)(3) on February 24, 2017 (the “Joint Proxy Statement/Prospectus”) and in Consolidated’s and FairPoint’s respective filings with the SEC, including the Annual Report on Form 10-K of Consolidated for the year ended December 31, 2016, which was filed with the SEC on March 1, 2017, under the heading “Item 1A-Risk Factors,” and the Annual Report on Form 10-K of FairPoint for the year ended December 31, 2015, which was filed with the SEC on March 2, 2016, under the heading “Item 1A-Risk Factors,” and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by each of Consolidated and FairPoint. Many of these circumstances are beyond the ability of Consolidated and FairPoint to control or predict.  Moreover, forward-looking statements necessarily involve assumptions on the part of Consolidated and FairPoint.  These forward-looking statements generally are identified by the words “believe,” “expect,” “anticipate,” “estimate,” “project,” “intend,” “plan,” “should,” “may,” “will,” “would,” “will be,” “will continue” or similar expressions.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Consolidated and FairPoint, and their respective subsidiaries, both separately and as a combined entity to be different from those expressed or implied in the forward-looking statements.  All forward-looking statements attributable to us or persons acting on the respective behalf of Consolidated or FairPoint are expressly qualified in their entirety by the cautionary statements that appear throughout this communication.  Furthermore, forward-looking statements speak only as of the date they are made.  Except as required under the federal securities laws or the rules and regulations of the SEC, each of Consolidated and FairPoint disclaim any intention or obligation to update or revise publicly any forward-looking statements.  You should not place undue reliance on forward-looking statements. Important Merger Information and Additional Information This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval.  In connection with the proposed transaction, Consolidated and FairPoint have and will file relevant materials with the SEC.  Consolidated and FairPoint have mailed the Joint Proxy Statement/Prospectus to their respective stockholders.  Investors are urged to read the Joint Proxy Statement/Prospectus regarding the proposed transaction because it contains important information.  The Joint Proxy Statement/Prospectus and other relevant documents that have been or will be filed by Consolidated and FairPoint with the SEC are or will be available free of charge at the SEC’s website, www.sec.gov, or by directing a request when such a filing is made to Consolidated Communications Holdings, Inc., 121 South 17th Street, Mattoon, IL 61938, Attention: Investor Relations or to FairPoint Communications, Inc., 521 East Morehead Street, Suite 500, Charlotte, North Carolina 28202, Attention: Secretary. Consolidated, FairPoint and certain of their respective directors, executive officers and other members of management and employees may be considered participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of Consolidated is set forth in its definitive proxy statement, which was filed with the SEC on March 28, 2016. Information about the directors and executive officers of FairPoint is set forth in its definitive proxy statement, which was filed with the SEC on March 25, 2016, and in the Joint Proxy Statement/Prospectus. These documents can be obtained free of charge from the sources listed above. Investors may obtain additional information regarding the interests of such participants by reading the Joint Proxy Statement/Prospectus.
FairPoint Communications Contact:
Paul Taaffe
(704) 227-3623
[email protected]

Consolidated Communications Contact:
Jennifer Spaude
507-386-3765
[email protected]

Read more...

Ratios

vs
industry
vs
history
PE Ratio 6.22
FRP's PE Ratio is ranked higher than
96% of the 336 Companies
in the Global Telecom Services industry.

( Industry Median: 19.96 vs. FRP: 6.22 )
Ranked among companies with meaningful PE Ratio only.
FRP' s PE Ratio Range Over the Past 10 Years
Min: 2.33  Med: 4.45 Max: 168.09
Current: 6.22
2.33
168.09
PE Ratio without NRI 6.22
FRP's PE Ratio without NRI is ranked higher than
97% of the 322 Companies
in the Global Telecom Services industry.

( Industry Median: 20.32 vs. FRP: 6.22 )
Ranked among companies with meaningful PE Ratio without NRI only.
FRP' s PE Ratio without NRI Range Over the Past 10 Years
Min: 2.33  Med: 4.45 Max: 168.09
Current: 6.22
2.33
168.09
Price-to-Owner-Earnings 2.04
FRP's Price-to-Owner-Earnings is ranked higher than
96% of the 229 Companies
in the Global Telecom Services industry.

( Industry Median: 17.50 vs. FRP: 2.04 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
FRP' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.39  Med: 2.14 Max: 5.63
Current: 2.04
1.39
5.63
PS Ratio 0.46
FRP's PS Ratio is ranked higher than
82% of the 449 Companies
in the Global Telecom Services industry.

( Industry Median: 1.47 vs. FRP: 0.46 )
Ranked among companies with meaningful PS Ratio only.
FRP' s PS Ratio Range Over the Past 10 Years
Min: 0.1  Med: 0.41 Max: 0.66
Current: 0.46
0.1
0.66
Price-to-Free-Cash-Flow 15.32
FRP's Price-to-Free-Cash-Flow is ranked lower than
69% of the 227 Companies
in the Global Telecom Services industry.

( Industry Median: 18.35 vs. FRP: 15.32 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
FRP' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 0.61  Med: 6.63 Max: 299.15
Current: 15.32
0.61
299.15
Price-to-Operating-Cash-Flow 2.76
FRP's Price-to-Operating-Cash-Flow is ranked higher than
85% of the 312 Companies
in the Global Telecom Services industry.

( Industry Median: 7.08 vs. FRP: 2.76 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
FRP' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.53  Med: 2.55 Max: 5.55
Current: 2.76
0.53
5.55
EV-to-EBIT 6.99
FRP's EV-to-EBIT is ranked higher than
93% of the 717 Companies
in the Global Telecom Services industry.

( Industry Median: 13.99 vs. FRP: 6.99 )
Ranked among companies with meaningful EV-to-EBIT only.
FRP' s EV-to-EBIT Range Over the Past 10 Years
Min: -75.1  Med: -2.6 Max: 16.9
Current: 6.99
-75.1
16.9
EV-to-EBITDA 3.14
FRP's EV-to-EBITDA is ranked higher than
93% of the 751 Companies
in the Global Telecom Services industry.

( Industry Median: 7.67 vs. FRP: 3.14 )
Ranked among companies with meaningful EV-to-EBITDA only.
FRP' s EV-to-EBITDA Range Over the Past 10 Years
Min: -17.4  Med: 4.6 Max: 10.7
Current: 3.14
-17.4
10.7
Current Ratio 1.14
FRP's Current Ratio is ranked lower than
51% of the 440 Companies
in the Global Telecom Services industry.

( Industry Median: 1.09 vs. FRP: 1.14 )
Ranked among companies with meaningful Current Ratio only.
FRP' s Current Ratio Range Over the Past 10 Years
Min: 0.13  Med: 1.14 Max: 3.64
Current: 1.14
0.13
3.64
Quick Ratio 1.14
FRP's Quick Ratio is ranked higher than
53% of the 440 Companies
in the Global Telecom Services industry.

( Industry Median: 1.01 vs. FRP: 1.14 )
Ranked among companies with meaningful Quick Ratio only.
FRP' s Quick Ratio Range Over the Past 10 Years
Min: 0.12  Med: 1.1 Max: 3.46
Current: 1.14
0.12
3.46
Days Sales Outstanding 27.06
FRP's Days Sales Outstanding is ranked higher than
73% of the 347 Companies
in the Global Telecom Services industry.

( Industry Median: 47.59 vs. FRP: 27.06 )
Ranked among companies with meaningful Days Sales Outstanding only.
FRP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 25.54  Med: 36.35 Max: 50.26
Current: 27.06
25.54
50.26
Days Payable 28.38
FRP's Days Payable is ranked lower than
80% of the 292 Companies
in the Global Telecom Services industry.

( Industry Median: 65.46 vs. FRP: 28.38 )
Ranked among companies with meaningful Days Payable only.
FRP' s Days Payable Range Over the Past 10 Years
Min: 23.88  Med: 44.95 Max: 115.46
Current: 28.38
23.88
115.46

Buy Back

vs
industry
vs
history
5-Year Yield-on-Cost % 0.60
FRP's 5-Year Yield-on-Cost % is ranked lower than
99.99% of the 800 Companies
in the Global Telecom Services industry.

( Industry Median: 4.52 vs. FRP: 0.60 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
FRP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 0.6
3-Year Average Share Buyback Ratio -0.70
FRP's 3-Year Average Share Buyback Ratio is ranked higher than
60% of the 271 Companies
in the Global Telecom Services industry.

( Industry Median: -1.60 vs. FRP: -0.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FRP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -78.4  Med: -0.65 Max: 0
Current: -0.7
-78.4
0

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 1.25
FRP's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
59% of the 220 Companies
in the Global Telecom Services industry.

( Industry Median: 1.43 vs. FRP: 1.25 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
FRP' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.12  Med: 0.41 Max: 1.48
Current: 1.25
0.12
1.48
Price-to-Median-PS-Value 1.13
FRP's Price-to-Median-PS-Value is ranked lower than
76% of the 387 Companies
in the Global Telecom Services industry.

( Industry Median: 1.02 vs. FRP: 1.13 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
FRP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.23  Med: 1 Max: 1.5
Current: 1.13
0.23
1.5
Earnings Yield (Greenblatt) % 14.31
FRP's Earnings Yield (Greenblatt) % is ranked higher than
93% of the 802 Companies
in the Global Telecom Services industry.

( Industry Median: 6.61 vs. FRP: 14.31 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
FRP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 5.9  Med: 16.7 Max: 20.2
Current: 14.31
5.9
20.2
Forward Rate of Return (Yacktman) % -19.84
FRP's Forward Rate of Return (Yacktman) % is ranked lower than
94% of the 248 Companies
in the Global Telecom Services industry.

( Industry Median: 8.32 vs. FRP: -19.84 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
FRP' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -18  Med: -3.6 Max: 3.5
Current: -19.84
-18
3.5

More Statistics

Revenue (TTM) (Mil) $819.5
EPS (TTM) $ 2.26
Beta0.71
Short Percentage of Float2.55%
52-Week Range $12.81 - 19.60
Shares Outstanding (Mil)27.27
» More Articles for FRP

Headlines

Articles On GuruFocus.com
FairPoint Communications to Release 2017 First Quarter Results Apr 24 2017 
FairPoint Communications and Consolidated Shareholders Overwhelmingly Approve Merger Mar 28 2017 
Consolidated Communications and FairPoint Shareholders Overwhelmingly Approve Merger Mar 28 2017 
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Filing of a Complaint Concerning the Sale of Mar 02 2017 
FairPoint Communications Receives $36.7 Million in New NY Broadband Program Phase 2 Awards Mar 02 2017 
Bernard Horn's Polaris Global Fund Buys 4 New Stocks Nov 03 2014 
Bernard Horn Comments on FairPoint Communications Oct 30 2014 
Avoiding Pitfalls in the Spectrum Race Sep 12 2012 
A Case for Fairpoint Communications Jun 02 2011 
FairPoint Communications Inc. Reports Operating Results (10-Q) May 05 2009 

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FairPoint Communications (FRP): Strong Industry, Solid Earnings Estimate Revisions Apr 06 2017
FairPoint, Consolidated shareholders approve $1.5B merger Mar 28 2017
FairPoint Communications and Consolidated Shareholders Overwhelmingly Approve Merger Mar 28 2017
Consolidated Communications and FairPoint Shareholders Overwhelmingly Approve Merger Mar 28 2017
FairPoint Communications, Inc. :FRP-US: Earnings Analysis: Q4, 2016 By the Numbers : March 10, 2017 Mar 10 2017
FairPoint Communications, Inc. :FRP-US: Earnings Analysis: 2016 By the Numbers : March 9, 2017 Mar 09 2017
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