Jonathan Verenger
Long/short equity, growth at reasonable price, deep value, research analyst

NII Holdings Looks Very Undervalued

In many ways, this article is very similar to my articles on Nokia (NYSE:NOK) and Sony (NYSE:SNE), both of which I featured as companies with stock valuations far below the value of the sum of their parts. In September, I argued that NOK would outperform AAPL when AAPL was around $680 a share and NOK was at $2.80. Just a few weeks ago, I argued that SNE was being severely undervalued by the market when looking at the sum of its parts. It has since risen about 30% and looks to continue to add to those gains.

I believe NII Holdings (NASDAQ:NIHD) is very similar to both of these companies: a company with a...

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