MetroPCS Communications, Inc. (PCS)

[bowonwing]

8/2011 fall from >$16 was a paradigm shift for PCS to the negative. Run-ups always go to far (to >$18), run-downs always go to low (to <$7). When the tide is coming in, all boats rise; when the tide is going out, all boats go lower.

PCS needs to "show me the money," which it did not do in Q1-2012.

Analysis lowering 2012 estimates is killing PCS right now, even if analysis are usually "wrong." Moorman at S&P has lowered 2012 estimate to $0.25 from $0.89, because of Q1-12 earnings miss of $0.06. If his forecast is right for 2012 earnings, this would be the lowest yearly earnings for PCS since 2007. This is why PCS is very near it's 52-week low right now.

Heck, I can remember about two years ago when analysis were saying PCS' spectrum was worth >$10 a share!

Book value >$8; >$6 in cash.