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4-Traders Homepage  >  Equities  >  Nyse  >  Level 3 Communications, Inc.    LVLT

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Level 3 Communications : New owner, business coming to downtown Brighton

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03/28/2017 | 04:32am CEST

Another new business is coming to downtown Brighton.

Former Level 3 Communications executive Brian Harvey bought the building at 139 N. Main St. from Landmark Community Newspapers, owners of the Brighton Standard Blade and MetroWest Newspapers on Friday, March 10, for $473,000. Harvey created the company BAMA LLC to own the building.

Harvey, the former Level 3 Communications regional president of operations for North America and Asia, will own and operate a Servpro franchise from the new location. Servpro workers handle water and fire damage, mold remediation, and general cleaning. Harvey's franchise also will offer content restoration, which salvages clothes, furniture and electronics from smoke and soot damage.

Harvey plans to remodel the building after he gets necessary permits and approvals from the city. MetroWest Newspapers will remain in the building for several months, occupying the front space closest to Main Street. Harvey plans to remodel and lease out that space when the newspaper relocates.

"I'm working with the city to begin immediately," Harvey said. "I would also like to designate the building as historic."

The former bank and United Power building was built in 1947 and is eligible for historic designation. Harvey's wife Betsy Harvey owns a Spavia Day Spa franchise in Boulder.

© Copyright © 2017 Brighton Standard Blade, Landmark Community Newspapers LLC (LCNI). All rights reserved., source Newspapers

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Financials ($)
Sales 2017 8 280 M
EBIT 2017 1 436 M
Net income 2017 556 M
Debt 2017 5 889 M
Yield 2017 0,08%
P/E ratio 2017 36,37
P/E ratio 2018 31,33
EV / Sales 2017 3,14x
EV / Sales 2018 3,00x
Capitalization 20 115 M
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Level 3 Communications, In Technical Analysis Chart | LVLT | US52729N3089 | 4-Traders
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Mean consensus HOLD
Number of Analysts 15
Average target price 62,8 $
Spread / Average Target 13%
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NameTitle
Jeffrey K. Storey President, Chief Executive Officer & Director
James Oren Ellis Chairman
Sunit S. Patel Chief Financial Officer & Executive Vice President
Atilla Tinic Chief Information Officer
Andrew Dugan Chief Technology Officer
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