CURRENT ASSETS + LTM INVESTMENTS = 1.5 BILLION
TOTAL DEBT = 2.7B
TOWERS ALONE WORTH 500K EACH OR 3.5 BILLION
WIRELESS CARRIERS SPEND ABOUT 300 BUCKS EACH JUST TO ACQUIRE CLIENTS
THAT VALUE ALONE 6MM CLIENTS @ 300 EACH 1.8 BILLION
SPECTRUM AT COST 1.5 BILLION
TOTAL 5.7 BILLION / 85MM SHARES = 67 PER SHARE.
CLIENTS ARE WORTH MORE
SPECTRUM WORTH MORE
OTHER ASSETS WORTH MORE,
THE STOCK TRADES AT LESS THAN 1/2 ITS TRUE VALUE.
THE STOCK BOTTOMED LAST YEAR WHEN THE APPLE 4S WAS ANNOUNCED. (OCT 4)
the market over estimates the negative effect of this product on USM. I expect the stock to rally again on the APPLE 5. Building a position on todays pullback.
Someone please rip apart this thinking for calculating what USCC is worth in terms of market cap when compared to the recent Tmobile/Metro PCS buyout/merger.
Metro PCS shareholders receive 26% of Tmobile and 1.5 billion cash.
Tmobile valued at 39 billion from att purchase offer that fell through.
39 billion X 26% = 10.15 billion + 1.5 billion cash= 11.65 billion. This is essentially the price or value what Metro PCS is worth in the merger between companies
Metro PCS has 9.3 million customers. Making each customer worth $1250
USCC has 5.5 million customers? = market cap of 6.875 billion or approximatley $75 per share. (currently at $37)
I realize this is very vague, but want to know if there is any logic to this thinking. Ironically, every buyout in telecom has had "a per customer price" between $1,000 to $1,250. VZ/alltell, att/cingular, att/tmobile.