LEVEL 3 (LVLT) ACQUISITION OF GLOBAL CROSSING (GLBC) IS POSITIVE
Yesterday, we wrote in the real time feed of ZYX BUY CHANGE ALERTS : LVLT will acquire GLBC. 16 shares of LVLT will be exchanged for one share of GLBC. Our analysis shows that this acquisition is positive for LVLT and we expect LVLT to trade higher. LVLT is a deep value play. The firm is positioned well to benefit from the anticipated exponential increase in internet traffic. The problem with this company has been the oversupply of fiber and the resulting pressure on bandwidth pricing. However, with the increase in internet traffic, we believe the over supply of bandwidth will