Stock Down on Earnings Report
Does anyone care to comment on why TDS is down so much on their 3Q 2011 earnings report? They raised their range for operating income by $20 million on both the low and high end of the range.
Sure, they had a $12.7 million one-time gain on an investment during they quarter, but isn't that better than a one-time loss?
Perhaps the conference call was just another reminder of how shareholder unfriendly the management team is.....is that it?
I can't believe they would consider issuing even one TDS share in an acquisition when the value being attributed to TDS is a negative value, when backing out their holdings in USM.