Qwest Communications (Q)

I parted company with Qwest yesterday.  The telecommunciations sector has had a good run in the past year, and Q has participated fully, rallying more than 300% from the 2005 low.  But I think the party may be over for now, at least for Qwest.  The company announced a large share buyback plan last week, but the market was disappointed that they did not initiate payment of a cash dividend, and so was I.  It shows that Qwest lacks confidence that their earnings will remain strong in the future.

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One Response to “Qwest Communications (Q)”

  1. Direct Communications Says:

    Almost $4 today

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