Super Stock Blog

Posts Tagged ‘PCS’

MKL – $353    –>  $366
FLR – $43       –>  $45.52
ATVI $10        –>  $11.62
WU -  $16.30 –>  $16.51
PCS – $5.86   –>  $6.75
T – $25            –>  $25.828

These are the recent stock picks posted on the blog.  I wanted to see how the recent stock picks are doing.  They are all short-term and long-term trades.  Short-term wise, you should be selling them and taking in the cash.  Long-term, the stock market is moving up and you’ll continue to have more appreciation in these stocks.  They all started at a very low price so they are quite safe and should continue to make gains for quite a while.  They all have long-term value and are all profitable and gaining EPS by quarter.

MetroPCS has reached decade low prices.  It already reached the March 2009 lows being at $5 currently.  If you take a look at its earnings, they have continued to bring in profit quarter after quarter.  The Super Bowl ad shows it’s pricing power – for $40 you get unlimited phone minutes, text, and web access.  AT&T is the only closest competitor at $70.  We’re at a recession right now and it’s surprising to see their stock price keep dropping even though they keep bringing in more subscribers.

Investors are selling because they believe Verizon and AT&T have the edge with the biggest network.  However, I seriously doubt they would drop their prices to MetroPCS’s prices.  Their profit margin would be seriously cut if they did.  MetroPCS has a big niche.  It markets to urban cities and it markets a very competitive price and it remains profitable.  I think the current price of $5.88 is a bargain.  There’s a lot more reward vs risk in this stock.