I'm sure things will improve but will it be too little too late. The 100 million being lumped off still leaves more room to the downside if you put a 7-8 X ebitda, which is what Verizon paid for Alltel in 2009. The $200 million for 800K doesn't sound so good not that they have already lost over 100K in the last six months. Ouch!
By the sound of their voice on the replay conference call things are not going well. I hope it's not terminal.
Just maybe Mr. Pryor will buck up and call BS on the current business plan.