Troubled Times for Windstream
Ars Technica has nicely summarized the challenges that Windstream encountered which have led to Chapter 11 bankruptcy. The large scale of services that this organization provides for businesses and consumers will hopefully continue in an uninterrupted manner while this company takes the necessary measures to emerge with superior prospects. The total debt load noted in the article highlights how capitally intensive the communication services that everyone relies upon can be. Over the past decade, the creative maneuvers pertaining to dividend reductions, the spin-off of assets into a real estate investment trust, and the subsequent events that followed these efforts have culminated in today’s announcement. We have friends that work for Windstream. It’s unfortunate when companies fall upon hard times. The cost cutting measures that will manifest during the restructuring efforts will certainly impact a number of employees.