Bernstein is a retard. Really...let's upgrade a company that has high leverage, negative cash flows, and in a market that is growing increasingly competitive and requires increasing capital expenditures to compete.
LEAP is a dead company walking. Cheap smartphones won't save them...in fact will make them burn more cash for hardware and eat up their bandwidth faster on their network driving them into the ground faster. Will probably even drive up their customer service costs as those who buy smartphones expect smartphones to work and LEAPs network and customer service just doesn't cut it.
These analyst really must have a sweet deal with Mexican drug cartels. Anyone with an ounce of common sense sees this company in bankruptcy as the only way to get them competitive again by wiping out debt and restructuring management. Why buy this company now when you can get them for fire sale in bankruptcy court? Who wants these cheapo no profit customers anyway?
Bernstein...what a joke. Metro and Sprint are going to kill Leap in prepaid. This idiot management should have sold the company a long time ago. The saying is true...a fool and his money are easily parted.
short huh? never short when insiders are making a huge play, might as well throw your money in the toilet and watch it go round and round, you will not make any money but at least you see a little action. jmo