To: Rob Preuss who wrote (5 ) 11/23/1999 1:51:00 PM From: Rob Preuss Read Replies (1) | Respond to of 206
Stocko.com Announces Investment Opinion on Nuevo Group Iusacell CLEVELAND--(BUSINESS WIRE)--Nov. 16, 1999--Stocko.com gives Nuevo Group Iusacell (NYSE: CEL), a strong buy recommendation based on extremely bullish fundamentals, operating results and explosive sales growth as reported in the 3rd quarter of 99. We have set a target price of 30.00 a share. Iusacell is 42% owned and managed by Bell Atlantic (NYSE: BEL). They have recently completed updating their analog Cellular network to CDMA PCS. Their expanding footprint currently reaches 70% of the Mexican population. With 9.3% Land line market penetration and 3.3% Wireless market penetration, PCS products are poised for rapid market penetration. For the following reasons we feel the Iusacell is an extremely undervalued PCS wireless telcom stock. 1. 59,000 digital contract PCS customers added in last quarter showing 58% sequential growth 2. 488,000 Cellular subscribers added from the previous year showing 80% annual growth. 3. EBITDA positive numbers for the last 4 quarters. 4. EBITDA positive margins of 36% 5. EBITDA up 50% from the 3rd quarter of 1998 6. Bell Atlantic management and ownership 7. Compared to other PCS companies (NYSE: CEL) is the most undervalued PCS company in North America. Co. Name Exchange Current Sub Market Cap Per Sub & Symbol Value Nuevo Groupo Iusacell (NYSE: CEL) 1.1 million 775 million 704 MICROCELL (Nasdaq: MICT) 459,000 1.1 billion 2396 Voice Stream (Nasdaq: VSTR) 553,000 9.01 billion 17,904 SPRINT (NYSE: PCS) 4 million 39.6 billion 9900 OMNIPOINT (Nasdaq: OMPT) 698,000 4.35 billion 6232 POWERTEL (Nasdaq: PTEL) 483,000 2.06 billion 4144 ORANGE UK (Nasdaq: ORNGY) 2.96 million 33.59 billion 11,148 ROGERS CANTEL (NYSE: RCN) 690,000 2.81 billion 4059 WESTERN WIRELESS (Nasdaq: WWCA) 774,600 4.32 billion 5209 NEXTEL (Nasdaq: NXTL) 4.05 million 31.00 billion 7654 VODAFONE (NYSE: VOD)10.445 million 73.41 billion 7024 Other companies followed by Stocko.com are (NYSE: T), (Nasdaq: GBLX),(Nasdaq: QWST),(AMEX: GBT),(Nasdaq: FIBR), (Nasdaq: QCOM), (Nasdaq: NXLK),(Nasdaq:LWIN),(NYSE: TMX), (Nasdaq: WCOM),(NYSE: NT), (NYSE: LU),(NYSE: NOK), (Nasdaq: JDSU),(NYSE: MOT),(Nasdaq: MCOM) For a complete news release go to our website stocko.com DISCLAIMER The above information regarding Nuevo Groupo Iusacell is based on information obtained from 3rd party sources. They are factual as to the best of our knowledge. It is incumbent on each investor to do his or her own due diligence. The owners of stocko.com and their representatives have taken a position in Nuevo Groupo Iusacell (CEL). For more information contact Stocko.com at 1-800-442-2220 Phil Black email Philblack@stocko.com Contact: Stocko.com Phil Black, 1-800-442-2220 email: Philblack@stocko.com