Large Cap / Software & Services / Telecommunication Services
Motorola Transfer Agreement Signed
On January 11, 2012, Motorola Solutions (NYSE: MSI) and Nokia Siemens Networks (NSN) announced that they have signed an agreement to transfer the responsibility for the nationwide TETRA Nødnett project, including associated employees, from Nokia Siemens Networks to Motorola Solutions. Nødnett is the multi-agency digital radio communication system owned by a separate administration body, Direktoratet for Nødkommunikasjon (DNK – The Directorate for Emergency Communication), which leads the development of the communication network for emergency and public safety services in Norway and is subordinated to the Ministry of Justice. The involved parties are targeting closing the transaction by the end of February 2012, subject to customary closing conditions including regulatory approvals and more specifically approval from the Norwegian government for the transfer of the Nødnett contracts. Subject to the closing of the transaction, Motorola Solutions will assume responsibility as the prime contractor for the further roll out, implementation and operation of the Nødnett network.
Read More Purchase Recommendation Updates
Identify & Profit from Distressed Investing
Turnaround Investing Blog
In nearly every case, the shares of a company in bankruptcy become worthless. In very rare cases, however, they can become great investments. W.R. Grace (NYSE:GRA) shares produced a 75-fold return, as an example. With California utility PG&E (NYSE:PCG) now in bankruptcy, the range of possible outcomes for its equity is wide.
EV/EBITDA: What Is It & Why Are We Using It More?
In reading recent editions of The Turnaround Letter, you have probably noticed that we are increasingly using EV/EBITDA as a valuation measure, rather than the better-known price/earnings multiple. We thought it might be useful to describe this measure and why we like it.
Turnaround Letter Stock Pick Named Top Performer of 2017
What Last Year's Top Stock Pickers Are Buying in 2018
This Forbes write-up follows up on the recent Top Stock Tips report--naming The Turnaround Letter's Crocs recommendation the top performer of 2017: With 90% gains, CROX beat out 100 other investment ideas included in the report; and the stock continues to have value investing appeal, according to Putnam.
George notes, "We see additional upside for the stock in 2018 as management's efforts continue to bear fruit, though the gains will likely be more muted than we saw in 2017."
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