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Robert W. Baird upgrades AT&T (T +1%), Verizon (VZ +0.8%), Leap Wireless (LEAP +4%) and...

Robert W. Baird upgrades AT&T (T +1%), Verizon (VZ +0.8%), Leap Wireless (LEAP +4%) and Metro PCS (PCS +2.1%), calling AT&T's proposed acquisition of T-Mobile (DTEGY.PK) a "watershed event" benefiting all wireless carriers. "Reducing the number of nationwide providers... should improve pricing stability, which is all the more important in the face of surging data traffic."
Comments (2)
  • Bear Bait
    , contributor
    Comments (664) | Send Message
     
    Let's see if I can paraphrase that. With less competition the big wireless carriers will be free to increase prices at will. The short version. Consumers will pay more.
    28 Mar 2011, 10:09 AM Reply Like
  • Richard Mackenzie
    , contributor
    Comments (453) | Send Message
     
    Why would anyone upgrade a group of stocks based on something that might not even get approved? I don't get it. Did Justice approve that merger already, or is this analyst a fool (or, what's the third choice?)?

     

    A PROPOSAL is a watershed event? WTF!
    28 Mar 2011, 10:14 AM Reply Like
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