you said <<But BB Internet is a high margin business...>>
LOL, whatever you say! I'd love to see your calculation to prove that. These BB Internet companies are bleeding profusely and the services haven't been around long enough, nor are there enough subscribers, to even begin to put a dent in the infrastructure, service, maintenance, administrative, and customer support costs. And with all the retrofits, complete rebuilds, and billions in hard infrastructure and currently-lacking features still needed (and in the pipeline), the bleeding isn't going to stop anytime soon, even with multi-hundred percent increases in subscribers (which is why analysts invented EBITDA).
And if the reliability and customer support doesn't improve, there'll be far less subscribers the moment a viable alternative is available.
P.S. not that any of this has an impact on the stock price. Maybe you saw this profit margin:
biz.yahoo.com
and didn't notice the negative sign. |
