MetroPCS Communications, Inc. (PCS)

[bowonwing]

S&P: target price $9- Hold. Moorman at S&P downgrades PCS to a Hold from Buy and new target price of $9 from $15. Seems like PCS' business model is being questioned now.

IMO this is just a bump in the road for PCS. In CC Linquist said the cost of subsidizing the smart phones was about $70M. If you add this to the $0.06 EPS PCS did earn, it equals about $0.28 EPS. Time will tell.