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ITT Educational Services Inc. Message Board

mylots 6 posts  |  Last Activity: Dec 16, 2014 11:49 AM Member since: Feb 27, 2007
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  • mylots@sbcglobal.net by mylots Dec 16, 2014 11:49 AM Flag

    going to be 24 next year

    Sentiment: Strong Buy

  • why not hold and see the final potential on line

    Sentiment: Strong Buy

  • mylots@sbcglobal.net by mylots Dec 16, 2014 11:48 AM Flag

    123 or more today

    Sentiment: Buy

  • mylots@sbcglobal.net by mylots Dec 15, 2014 12:55 PM Flag

    great opp on oil stocks now

    Sentiment: Strong Buy

  • DJ Altice SA in Talks With Oi Over Potential Bid For Portugal Telecom -- Update

    By Ruth Bender and Patricia Kowsmann
    PARIS-- Patrick Drahi has set his sights on a new multibillion telecommunications target even before he completes his biggest acquisition to date.
    Mr. Drahi's Altice SA in talks with Brazil's Oi SA over a possible bid for Portugal Telecom SGPS SA, said people familiar with the matter, a deal that could be worth up to EUR7 billion ($8.8 billion).
    "Altice has been eyeing the Portuguese market for some time and there have been talks for several months," said one of the people.
    Altice, the Luxembourg holding company controlled by Mr. Drahi, is on the verge of closing a EUR17 billion deal to buy Vivendi SA's phone unit SFR in cash and stock. The deal is expected to close by the end of year and France's competition authority is expected to give its green light later this month.
    If successful, an acquisition of Portugal Telecom would mark another big move by Mr. Drahi, who has made clear his ambition to expand the European telecom empire he started building from scratch in the 1990s by investing in underperforming cable companies.
    In an interview with The Wall Street Journal in May, the Franco-Israeli investor said he would like to buy more cable and mobile companies in countries where he is already present, including Portugal, Belgium and Israel as well as other markets such as Central and South America.
    "There is a big game to play in the consolidation of the European telecom market in which we could play a role," he said.
    Altice currently has a small presence in Portugal via cable operator Cabovisao but an acquisition of Portugal Telecom, which has both fixed and mobile operations, would make Altice one of the key players on the Portuguese telecoms market. If the deal goes ahead, it would be the second-largest acquisition for Altice in its history.
    Mr. Drahi sees potential for a lot of upside in the Portuguese telecoms market as the economy is recovering from a recession and the market faces less competition than in other markets such as France, said one of the people familiar with the matter. Portugal was hit by a recession in 2011, when it was forced to undertake austerity measures to cut its high deficit under a bailout program. It exited the program in May this year.
    But another large deal would come at a time when Mr. Drahi has to cope with paying down a huge debt load he took on to finance the SFR acquisition. Both Altice and its French unit Numericable Group SA will be heavily indebted. Mr. Drahi also faces the challenge of navigating between promises to preserve jobs in France and cutting costs at the merged group to make the business more profitable in a market where operators have suffered from stiff competition.
    The acquisition in question would be of PT Portugal, now a unit of Brazil's Oi that holds operations in Portugal and in Africa. Oi has announced its plan to sell the African operations, although no deal has been announced yet.
    While the merger between PT and Oi is expected to close only in early 2015, PT Portugal is already a unit of the Brazilian company. A PT Portugal spokeswoman declined to comment.
    A person familiar with Oi's strategy said it would make sense for the Brazilian company to sell Portugal Telecom assets in Africa and even Europe as proceeds could be used to reduce the group's debt load.
    "This may help us, providing more financial flexibility for Oi to participate in the ongoing consolidation process of the telecom industry here in Brazil," said the person.

    Sentiment: Strong Buy

  • 5.50 book value dirt cheap stock at this price

    Sentiment: Strong Buy

ESI
10.18-0.01(-0.10%)Dec 24 1:03 PMEST

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