• Chris DeMuth Jr.
    What will ISS say about the $TMUS deal with T-Mobile? Regardless of what they say, what should they say?
    3/27/13
    Reply (6)
    • SafisKusai: http://reut.rs/XdXDv3 looks like they gave their answer, and rightly so
      3/28/13
    • SafisKusai: actually this article is better on it: http://nyti.ms/15XU0YT
      3/28/13
    • SafisKusai: actually tempted to buy shares now, even if deal falls through, they'll get picked up by sprint eventually
      3/28/13
    • Chris DeMuth Jr.: We value the deal at about $9-10 for PCS; PCS by itself at $12-13; and the value of PCS to T-Mobile in a properly priced deal at $13-14.
      3/28/13
    • Chris DeMuth Jr.: The expected value of PCS equity is about $13, a 20% premium to the cost of its shares today, based on the likelihood of a bump in the deal.
      3/28/13
    • Chris DeMuth Jr.: For further reading, please check out http://seekingalpha.com/a/rzjp, " T-Mobile's Bad Side: Too Much Debt and Too Little Equity for PCS".
      3/28/13