USA Mobility (USMO)

[stanu78]

excluding write down income is $10.4 million, or $0.38

They are probably trying to clean the house with the big goodwill writedown, which is a good thing I guess. this loss definitely will generate more tax shelter (tax loss carryforward, tax deffered asset)

Not sure how the 188M goodwill is generated in their balance sheet at the first place (if anyone can shed some lights that will be appreciated). is it resulted from the merger of arch wireless and metrocall?

Time warner write down $50B at one point 5 years ago from lowering the value of their AOL acquisition

I'm holding USMO btw. 25 cents is a lot less than .65 but we are kidding ourself if we expect them to maintain .65 quarterly dividend (after the result in Q42008 and the expectation to build a power backup for their network)

I haven't read the earning report in very detail but quite encouraged by the headline and the first two paragraphs

JMHO,

Stan