CapWealth Group, LLC (“CapWealth”), a financial advisor and shareholder of Lumen Technologies (“Lumen”) believes the Kerrisdale Capital (“Kerrisdale”) report titled AI-N’t Gonna Fix This Mess contains flaws in the findings that are based on opinion and not fact. CapWealth conducts fundamental research on positions it owns and
remains grounded in the idea that we cannot know or predict the future but can plan for various outcomes based on facts and analysis. Kerrisdale’s report exudes hubris with strong opinionated predictions about the future of Lumen that seemingly rely significantly on assumptions.
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