Robert Floyd
Telesystems Inter'l. Wireless
TIW-X
TOP PICK
Aug 03, 2004
Czechoslovakia and Rumania is where they have wireless operations. Has been reporting some extremely strong numbers. Have been adding subscribers aggressively. You have to make sure the company is maintaining their cost levels.
Fundamentals and his quant model both look good, but the problem is, there is only one estimate out there and every time they look at it, they get a little queasy. Would prefer having more estimates available.
Is probably going to continue to do as well as it has done. This is a big play on Czech and Rumanian mobile phone integration. Both projects are gushing cash. Will probably end up as a takeover.
An interesting play at this stage given the takeout of Rogers Wireless, so it becomes the only pure play in the wireless division. Has a good opportunity from here.
Likes it a lot and can't go a day without buying some more. Subscriber additions were spectacular. There are only 3 analysts covering it. Thinks it will get taken over. Good balance sheet.
A wireless provider in the Czech republic and eastern Europe. Their numbers reported higher than expected with a lot more subscribers than their analysts expected.The PE is 17 X against a forcast earnings growth of 133%, so it's kind of lumpy. Earnings forcast has gone up 9% in the last 90 days. Inexpensive.
Has a model price of $21.26 which is an 11% differential. If they sell their east European assets, the question is what are they going to be doing with the money. Would be cautious on this one.
The majority of the assets have been sold so, if you own, it's a situation where you have 2 options 1) sell your shares on the open market or 2) wait for the sales process to be transacted. Easy money was made a long time ago.