I'm with you--WTF? I really stared at the numbers released yesterday. They look pretty good. Revenues up more than expenses. ARPU up, data rpu up big. Roaming revenue up quite a bit. Net adds weren't the greatest, churn had a slight uptick. Nothing in it deserves this ass kicking.
Maybe somebody knows something about the efforts to get the financial house in order--like maybe it ain't happnin?
Based on what Dobson and RCC went for--this price is a screamin buy--unless there are some soon to be announced shenanigans going on--then all bets are off.
I think it was in response to the Leap Wireless drop yesterday. As USM is not a big 3, perhaps there was a simpathy reaction to the Leap drop. Or maybe there was a drop due to the reactions in subprime that are leading people to believe the buyout streak in over. But overall, I agree with the side by side review of this company being a buy versus the Alltel, Dobson, Rural Wireless buyouts.