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  • dodilligence dodilligence Oct 4, 2012 3:15 PM Flag

    Dumb M&A

    PCS BOD and advisers are either desperate or stupid. Let's tie our $5Bln equity valuation to an entity with no public valuation, expose us to a year of losing TMobile subs and M&A risks - with no price floor other than the $4 cash. Smart if the company is worth $4-6 per share, meaning we were on a cliff. Otherwise this will go down in history is one of the dumbest agreements to sell a good company ever. If Sprint is a no bid again, the shorts are going to drive this to the bottom fast.

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