After reading a lot about high-yield telecom plays like CenturyLink (CTL) and Windstream (WIN) recently started investigating the space to see if any of the firm's were worth investing in. I looked at a variety of different firms, but many had legacy businesses like wired phone lines segments that burden the company. One firm which stuck out though is NTELOS Holdings (NTLS).
NTLS, a regional provider of wireless communications in Virginia and West Virginia, is not burdened with the legacy businesses of some peers, it throws off an attractive pile of free cash flow, and has had pretty good revenue and EPS acceleration in recent quarters. (NTLS' wireline business was spun off as Lumos...
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