You and me both babe...love thosr r/s....but this one's a little different. They're issuing 87% of the outstanding to the bondholders at almost the same time of the r/s....that's a lotta dilution!. Then putting themselves up for sale.... Today's rally could have been mostly a short covering... but what do I know? We'll see I guess...
Watch it get bought by the likes of T-Mobile or ATT/Cingular. Subscribers average $1,900 to $2,600 in a buyout. How many does Suncom have? Net out the debt and there you go. The bondholders are in it for a reason.
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