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Re: INFN
Earnings
The Level 3 and Century link is expected to close this fall, it
has had its share of objections, so it may be why it has
taken so long. Still, even after it closes, I would not
expect the order spigot to open immediately, these companies need
to merge because they have been operationally weak, so they are
looking to consolidate expenses to save on costs. I would
ecpect the merged company to resume orders in Q1 2018. All
that said, the combined company should be in great shape and return
to growth. I too would still expect the merged company to continue
being a 10% or more company once it starts ordering again.
barrons.com/ar...772992
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