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NII Holdings Inc. Message Board

  • horatio44 horatio44 Feb 12, 2013 12:48 PM Flag

    Morningstar - an excerpt on recent NIHD pre-release of earnings

    Morningstar has extensive analysis on NIHD and has not shyed away from problems. But this recent (Feb 5) excerpt ends saying that it feels the 'upside outweighs the risk'. This is good because Morningstar is so conservative as to be almost useless sometimes:

    "While these numbers are far from awe-inspiring, they were within the realm of consensus. The 2013 guidance however, fell short of our estimates as well as consensus numbers. NII is guiding toward a range of $5.7 million-$5.9 billion, $600 million-$650 million in OIBDA, and roughly $1 billion in capital expenditures. The revenue number is nearly 5% below consensus, but the OIBDA missed by more than 30%. It's clear the firm is both struggling to get its 3G operation off the ground and trying to avoid further earnings misses in the coming year. The shares will surely take another step back before they can move forward, but we believe the upside outweighs the relative risk. We plan to update our model to reflect the firm's operational progress. "

    Sentiment: Strong Buy

2.950.00(0.00%)Oct 21 4:00 PMEDT