Quick update on a PHANTVM stock

Verizon is doing something stupid, we need to talk about it

Around 1PM EDT it came out that Verizon (symbol: VZ) might be buying Frontier Communications Parent Inc (symbol: FYBR). Obviously, we don’t know if its for stock, cash, or a mix of two or if the deal is going to happen at all. What do we do know if we look at FYBR’s earnings is that they’re rapidly spending and increasing debt for their build out as th…