What they reported this morning beat my expectations, but it's hard to overlook the slowing customer growth.
More Quotes from Todd Rethemeier:
It's a little bit disappointing. Part of it is an industry slowdown and part, I suspect, is the distraction of the merger.Todd Rethemeier
It fits with my industry thesis that the regional players are going to be marginalized by the national providers and left to take whatever growth is left.
Todd Rethemeier
In terms of total profitability of the company they're lowering guidance. It was a little bit sneaky how they tried to do this.
Todd Rethemeier
Clearly, across the industry minutes of use are not growing as much as they did ... this is causing ARPU to start to slip.
Todd Rethemeier
I would have thought somewhere between 10.50 and 11 a share would have been a better price before I saw the 4,000 net (customer) adds.
Todd Rethemeier
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