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リープ・ワイヤレス・インターナショナル Message Board

  • kenp1145 kenp1145 Mar 6, 2013 3:28 PM Flag

    Paulson

    Paulson also stated in his letter that he "believes in the merits of U.S. wireless consolidation," which is reflected in his 127,693,000 million-share purchase of Sprint ( S ) and 7.8 million-share holding and fourth quarter increase of Leap Wireless International ( LEAP ). Communication Services accounts for 13.3% of his portfolio, and is his third greatest sector weighting.

    Read more: http://www.nasdaq.com/article/john-paulson-increases-metropcs-stake-hoping-its-merger-will-fail-other-gurus-buy-in-q4-cm222638#ixzz2MnFwtove

    Sentiment: Strong Buy

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    • Paulson can afford to wait. He can also afford to lose millions and still be rich. Leap is a dog of a stock. Of course so was Sprint when it dropped to $2.20 last year. Clearwire was also a dog and even briefly traded under a dollar a share. In time Leap may get taken over. It is just not a gemstone and it could take years for any takeover attempt. Of course the Metro PCS, Sprint or Clearwire takeover attempts may never be consummated and they are all bigger trophies to be won. However anything is possible. Leap as an operator is speculative to own. Does have risk too. It's long term stock chart is horrifying. Absent of a takeover, spectrum sale or improved subs and earnings I don't expect any joy from owning Leap. Of course a lot of bad news is baked in so I don't see a lot of risk holding it in the next 6-9 months.