Telecom & Wireless
Stuff Gets Out Of Hand At Level 3 (LVLT)
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Level 3 (LVLT), the troubled telecom company is trading off nearly 25% today to $1.13 with no news. The firm carries a lot of debt at $6.4 billion and has modest operating income.
It is probably nothing. The stock may even be back to even by the end of the day.
Douglas A. McIntyre
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