Seeking Alpha

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."
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Comments (2)
  • Bear Bait
    , contributor
    Comments (697) | 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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