Below is an excerpt from Motley Fools article about hanging up on ATNI:
The question facing investors is whether they should give the company time to get the newly acquired Alltel assets under control. Management says that the "transition" period will last through the second quarter of this year and that results will look better at that point. I couldn't blame investors for being discouraged though, since they've had to watch the subscriber count from the Alltel acquisition drop by more than 100,000 since the beginning of the June quarter.n ATNI.
Sure things will look better because the year over year comps will be comparing June 2010. They are still going to be losing customers until they decide to change their business plan to going after new customers and improve their store personnel. It has taken a 180 degree turn since the old Alltel days in NC. I seriously doubt the team in place will be able to make this work but as always I'm sure they will have plenty of time to destroy what's left.
They blame things on the Verizon Trust regarding unprofitable practices but yet hire the guy who ran the trust to run the International Wireless. Go figure!
I will be buying in the mid 20's where the market cap fits the multiple of EBITDA. This company is still overpriced.
I smell smoke and sure hope they can contain the fire.
Anyone care to debate the positives of the US wireless.