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NII Holdings Inc. Message Board

  • chiefofmainstreet chiefofmainstreet May 7, 2013 12:22 PM Flag

    This is exactly why the Stock Market is a scam...and folks lost faith

    Here is a company that:

    1. Just sold it's smallest and unprofitable unit for $400 million;
    2. Just reported numbers that beat all estimates except that it invested in its infrasstructure
    3. CEO just said it is on track to sell and lease back towers so it can fully move into 3G and compete in a 50-million subscriber market
    4. Is in discussions to sell two other non-core units Argentina and Chile (going by the price from Peru, these two units will exceed $1 Billion)
    5. Current book value is $2.2 Billion or roughly $13 per share
    6. After its report several analysts maintained or increased ratings (Wells Fargo $15, Stifel Nicholas $23, etc)
    7. Just signed a partnership deal with GOOG to jointly work on Nextel Push-to-talk product)
    8. Has $2 Billion cash (Net Debt is $3.8 Billion)

    NOW, notwithstanding all the above, some individuals (that should be guardians of the market) gang up to push it down just because they happened to be on the wrong side of the stock by shorting over 55 million shares of the company. These are exactly the individuals that make ordinary and normal citizens think that the stock market is no longer a trusted measure of the economy worthy of any cash infusion. Hopefully, as some point, other individuals with cash will note the above list. Herbal Life (Bill vs Carl) comes to mind. Fundamentals always win!

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