- The shares of this Brazilian telecom provider have multiplied more than tenfold(!) since the lows last December.
- While there is improvement on a number of dimensions, the company still makes significant losses, bleeds cash and has a large debt.
- So we find it difficult to ascribe the dramatic share price jump to these operational improvements.
- It’s more likely a proposed regulatory change, which might more likely mean the company can be acquired or sell assets, is responsible for the jump.
NII Holdings: Shares Multiply In Short Order, What’s Going On?
June 20th, 2018 · No Comments