Cellcom: Why I'm Not Taking This Call [View article]
The debt level in dollars is meaningless -- the company is a FCF machine AND sports a >7% dividend yield. When competitors are trading at 6% -- fair value for CEL becomes $22/share. Also, valueing capital intensive companies on earnings vs. EBITDA or FCF is misleading. CEL trades at a discount to developed market wireless as well as to PTNR
Cellcom: Why I'm Not Taking This Call [View article]