- There is progress, albeit fairly glacial, in new customer wins, expansion at existing customers and margin expansion, limiting the downside from here.
- Yet the company has undeniable large opportunities in RCS messaging and the personal cloud, that could accelerate at any time.
- Then there are the very expensive preferred shares paying 14.5% yield which the company is likely to refinance at some time in the future.
- So basically we see the shares as having fairly low risk here with option value if things start to move faster on the RCS, cloud and/or refinancing front.
- Learn More »