LEAP is a wireless carrier deploying technology from vendors like Alcatel Lucent Nortel etc. They are not exposed to technology risk or bad carrier loans like those companies. Again poor analysis. But keep them coming.
Main reason for increased FCF burn and loss was purchases of iPHONES. Shorts are really dumb if they hammer on LEAP at an all time low with iPHONE sales going through the roof, 10 more models coming out, data on iPHONE sales forthcoming, and capex cut, sales channel optimized, and logistics outsourced. LEAP is about to grow up and become a real company, stock is grossly undervalued here with $780MM in EBITDA.