In re Davel - the payphone business - my understanding was the purchase was made because it was profitable and, more importantly, had rights to place hardware in physical locations throughout the US. The intent was to use Davel's footprint for installing wireless hardware without the need to find someone else's real estate to put it on. I thought this was brilliant at the time, but does anyone know if this is now seen as a viable strategy? And if not, shouldn't MOBL dump the shrinking Davel business for some quick cash to pay off Cornell ASAP? Any thoughts would be welcome.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.