Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Deals have helped boost shares of the Cricket Wireless parent in recent weeks, including a partnership with Verizon (NYS: VZ) . Now it seems management's moves are boosting revenue, too. A Mizuho analyst upgraded the stock to "buy" from "neutral" after channel checks showed strong sales.
Now what: The size of the boost remains to be seen, but even minimal progress justifies the move at this point. Leap trades for less than one-tenth analysts' long-term estimates for annual profit growth. Do you agree? Would you buy shares of Leap Wireless at current prices? Let us know what you think using the comments box below.
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