Stockchase Opinions

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.
$14.000

Stock price when the opinion was issued

Telecommunications
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WEAK BUY
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.
STRONG BUY
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.
TOP PICK
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.
WEAK BUY
Doesn't follow this company very closely. Has had a good move, so wouldn't be an aggressive purchaser.
BUY
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.
WEAK BUY
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.
SELL
Selling some assets to Vodaphone for $3.9 billion. It's a done deal.
DON'T BUY
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.
TRADE
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.
PAST TOP PICK
(A Top Pick Dec 17/04.) Was taken out by Vodaphone and is no longer listed. Had made about 50% on this stock.