Patrick Comack
Patrick Comack
holding stock
It was holding the stock back a little bit.
auction coming expensive looks
It looks like there is a very expensive auction coming up.
cash chance company days declining employees takes whatever
They are doing whatever it takes to get it done. The employees should be appreciative. Without these moves, their days would be numbered. They would have had a declining cash cow, a non-growth company forever. Now they have a chance to grow. (Management has) transformed it into a new company.
hoot investment investors legal played
Investors don't give a hoot about what's going on (with legal issues). As a sideshow, it's kind of interesting, but this has pretty much played out in the investment community.
cable companies leverage sprint wireless
Cable companies will want to get into wireless and the only way to get into it is probably through Sprint Nextel. And Sprint Nextel has the leverage because the cable companies don't have distribution.
growth investors jumping rally risk slow wary
This rally will probably be short-lived. I still think there's a lot of risk in this sector. Growth is still slow so investors should be wary of jumping in to the stocks.
basically business came company consumer create declines growth low net next percent positive profits revenue sharper single somewhere today
The declines in that (long distance) business are much sharper than expected, especially in the consumer area. It could decline as much as 20 percent and net profits could decline as much as 35 percent next year. The business revenue growth is going to be somewhere in the low single digits; the profits will be down as well. The positive thing that came out today is the break-up. I think that will create value. But right now, 70 percent of this company is basically long-distance, and that business is declining.