In my opinion, the TDS management team and BOD ranks just above that of CHK - and that might be a generous assessment...
Shareholders of this company are getting very, very, very, very, tired. I know I am.
TDS management keeps saying they are taking suggestions from shareholders on how they can increase shareholder value...
Duh! Approach Verizon and sell out!
I can't believe they rebuffed VZ when they were offered an "unreported" $100/share for the company. (That info came from Southeastern Asset Management, who has subsequently sold out of their position when they figured out management was not on their side. Why can't I be as smart?)
TDS has not repurchased any stock during the past 3 (count 'em 3) quarters, despite a languishing share price. Even during he previous 4 quarters prior to passing on share repurchase, they were buying back at a much reduced rate relative to what the bought back in 2009, paying roughly $30/share.
The splitting of the stock into two separate classes in order to facilitate acquisitions was a disaster. Putting the two share classes back into a single class was also a disaster, as they tried to argue the voting share class and the non-voting share class were worth the exact same amount, despite the fact the market traded the non-voting shares at a discount since they were created.
I wish Gabelli would use its large stake to stir things up, but I seem to recall they signed some sort of a stand-still agreement with management in exchange to get something they wanted. I forget the details.
Does anyone else here feel like venting? The board is pretty dead. I'd love to hear from some other suffering shareholders out there. I know I can't be alone.