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China Unicom (CHU) -3.7% in Hong Kong trading after announcing it added a net 2.73M 3G...

  • Wednesday, June 20, 2012, 3:55 AM ET
    China Unicom (CHU) -3.7% in Hong Kong trading after announcing it added a net 2.73M 3G subscribers in May, a 6.6% decrease in subscriber growth from April. Analysts attributed the results to weaker consumer spending. The news prompted BofA to cut the company’s 2012 net income forecast by 18%.
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    Stock remains major POS for me, but I am going to hold it over the long slog so I can avoid taking a loss. On a side note: is there anything about equity analysis at B Of A that suggests it is anything other than the low quality of many of the bank's operations and products?
    20 Jun 2012, 07:46 AM Reply Like
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