We believe it is small enough that very large carriers might consider it as a "tuck in" acquisition."
Beyond takeover potential, JANCO believes that over a several year period of time Leap can transition to being an MVNO.
Fundamentally, JANCO believes the worst is behind the company although financial results may not turn as quickly as management suggests. The firm's forecast is are materially lower than published consensus.
Using technical analysis the firm define an upside target of $16