Al,
"Nextel's "all of a sudden" junk bond ussue, coupled with the bad debt reserve, copled with the hiring of a management team to get their back office organized, coupled with a previos announcement that a job search firm was hired to find good tech people, tells me there is something wrong."
In trying to understand the above, 1) what do you mean by "all of a sudden" junk bond issue, 2) I still don't completely understand where the bad debt reserve came from (rapid expansion??), but it will probably affect Q4 earnings report, 3) I think it's great to address any back office concerns before they get out of hand; I take this as a positive, and 4) the same can be said about going after good tech people. A well-run business will use specialists when necessary to do a job right.
Regarding the recent price action / slump, my guess is that either 1) some news has leaked out regarding Q4 '97 numbers (soon to be released), 2) someone knows something major about the business or competition that may affect marketability, or 3) jitters in anticipation of Q4 report.
Rob |
