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Campaigns / Kerrisdale Capital → Lumen Technologies
Kerrisdale Capital vs. Lumen Technologies

Lumen Technologies · LUMN

1 deck published between 2024-08-15 and 2024-08-15 — 22 pages, 22 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2024-08-15 initial thesis

    2024 08 Kerrisdale Lumen LUMN

    22pp · research_note

    Lumen's 400% AI-fueled rally is an optical illusion: $5bn in PCF deals is construction-contractor funding worth ~$1/share, masking an insolvent, secularly declining telco with $19bn debt.