Leap Wireless International, Inc. (MM) (LEAP)

A birdy told me that AT&T was buying this out within the next few weeks. Could be interesting.

The proposed acquisition by AT&T (T) has changed the game for the stock. After years of continuous declines, it has done great over the last few months. The company has been reporting losses for several years, and it carries a huge accumulated deficit. AT&T also has its own problems, and there was an article on seekingalpha which outlined the threat of competition in the near future. Players like America Movil (AMX) and Deutsche Telekom (DTEGF.PK) are offering lower cost, less restrictive prepaid and postpaid services which may hurt the company's topline growth and also put pressure on the margins. The acquisition of leap, which offers such less restrictive services (no contracts, no limits) may help, but it is important that the losses reduce so that Leap becomes a positive contributor soon. There is also indirect competition from the used phone market which is growing fast. Some of the price conscious customers go for previous version of a good quality used high end phones available through companies like Usell.com (USEL). Usell, which provides a platform for buying / selling used phones, reported excellent growth in revenues in 2013. Meanwhile, analysts are not so upbeat on Leap as the stock has already run up quite a bit. Zacks has a neutral rating with the price target at 16, and its analysts anticipate that continued loss of subscribers coupled with significant increase in promotional activities may put pressure on profitability. On the other hand, launch of smartphones coupled with the slashing of non-profitable subscribers may drive ARPU in the near future. There have been other downgrades, like those from Raymond James and Wells Fargo, mainly based on valuations. The stock has already factored a lot of short term positives, and the future is linked to the performance of the entity after the acquisition is completed.

Last earnings details

Get the inside scoop on the company's guidance on their last earnings...
http://www.earningsimpact.com/Transcript/82382/LEAP/Leap-Wireless-International%2c-Inc----Q1-2013-Earnings-Call

Leap Wireless International Inc (LEAP) more than doubled after AT&T Inc (T.N) said Friday it would buy the company for $1.19 billion and at least two brokerages raised their ratings on Leap's stock. The stock was trading at $17.16 and was the most active on the Nasdaq. I have been in leap for a while. I am long with tight trailing stop.

LEAP shareholders also get the rights to the proceeds from the radio spectrum assets LEAP purchased last August for $200MM - that would be another 2.50 a share if they sold those assets for what they paiod for them.

Given that one of the drivers behind a deal like this is the big guys wanting to acquire leases on more of the radio spectrum, it certainly seems to me that that asset is likely to be sold for more than the $200MM it is on the books for.

VERY NICE !

Don't forget that a couple years ago leap tried to get bought out and the deal fell through and the stock dropped right back to where it was before the news. That could happen again... Jmo

Wouldn't be surprised if Verizon, etc. comes in with better offer for LEAP

... remember a few years back T-Mobile bid $22ish (then & now, I know, but...)

Cheers!

Any predictions where this goes Monday morning?

in addition to what truth4once said, with the price doubling, alot of shorts may be forced to cover! Short Squeeze

"Owners of approximately 29.8% of Leap’s outstanding shares have entered into an agreement to vote in favor of the transaction.

The transaction is subject to review by the Federal Communications Commission and the Department of Justice and to other customary closing conditions. AT&T expects the transaction to close in six to nine months."
-------------------------------------------------------

There may be offers from competitors going forward.
Wouldn't surprise me at all.

Take Care and God Bless....God Bless Us All.


Truth4Once

Why is the bid going higher if it got bought out for $15 a share?

SHORTERS GOT A NICE SUPRISE COMING FOR THEM MONDAY!!

Congrats to all the leap longs..
Reward is amongst us,.....$$$$

$19 by AH close ... Wooot!

news was out 4:59 PM! $ now 16.90 ... 1.2 Million shorts scrambling on top of each other!

Shorts and/or possible bidding war.

LEAP for joy. Wooot!

JUST OUT.....AT&T buying Leap for $15/share........

WOOT! {echo-echo-echo} LEAP for joy!

Who thinks this is a buy with their new wireless motion product coming out July 22??

7:08 PM Leap Wireless (LEAP -2.3%) might end up with a lot of spare iPhones in its warehouses. The prepaid carrier disclosed in its 2012 10-K it's on pace to buy only half the iPhones it has agreed to purchase from Apple as part of its commitment. BTIG's Walter Piecyk thinks Leap, which sells the 16GB iPhone 5 for $500 without contract, could be on the hook for $100M worth of extra iPhone purchases in 2013, and $450 over the course of its 3-year deal. (Muve spinoff) [Tech] Comment!

Looks like it's time to look at LEAP Puts.......this babies dropping like it's hot.......I see a new 52 week low coming.......$$$

You have to like that.

Leap

LEAP, meet our people

LEAP

Quarterly Earnings — 4Q 2012
Join Leap Wireless for a discussion of our 4Q12 results on February 20, 2013 at 11:00 a.m. EST/8:00 a.m. PST.

Domestic: 800-732-8470
International: 212-231-2901

Supporting materials for this event will be available for download on February 20, 2013 at approximately 11:00 a.m. EST/8:00 a.m. PST.
Recent Quarter | Quarterly Results Archive

LEAP



Everything You Need to Enjoy SB47 from Your Cricket Smartphone

Monster Truck “McGruff the Crime Dog” Appears at Cricket Store

Leap Schedules Fourth Quarter and Full-Year 2012 Earnings Release and Conference Call for February 20, 2013

LEAP Wireless:
Everything You Need to Enjoy SB47 from Your Cricket Smartphone
~ Unlimited Family, Food and Cheer at Half the Price of AT&T and Verizon
~~ Big Easy Foodie Favorites for the Big Game from Cricket

SAN DIEGO, Feb. 1, 2013 /PRNewswire/ -- Cricket customers will have unprecedented access to SB47 through its starting line-up of mobile devices. Football fans from all over the country can stay connected to the excitement in New Orleans by keeping up with all the on and off-the-field action from their mobile device. Cricket customers always enjoy unlimited texting and talking but this Sunday, apps like Go NOLA, PicsArt and Instagram mean that you don't have to spend thousands to participate in the fun.

(Logo: http://photos.prnewswire.com/prnh/20120202/LA46949LOGO)

Get to the heart of the Big Easy with GO NOLA: New Orleans is the birthplace of jazz, the cocktail, the po'boy and now, GO NOLA, the Official Tourism App of the City of New Orleans. With Delicious Cajun Recipes you get all your favorite hot and spicy Cajun and Creole recipes in one app. Also, find tailgate recipes to spice up the big game. Search Mixology Drink Recipes for a big, New Orleans style cocktail that will keep the party rolling. Throwing a last-minute party for the big game? No problem, quickly download Eat24 and find, select and order food from a neighborhood restaurant.

Once the party favorites and New Orleans recipes have been ordered, share a curated experience using custom photo sharing platforms from your smartphone. Check out PicsArt - where everyone becomes a great artist! PicsArt will help you spice up your photos before you share across any platform including Instagram, an easy way to make and share photos.

It's not too late to grab a Cricket smartphone with service plans that offer unlimited everything at half the price of AT&T and Verizon. Cricket's Android OS mobile lineup, coupled with its high-quality 3G and in limited areas 4G data network, delivers the speed and performance to power any of the Apps available for Android. Cricket now offers the Samsung Galaxy SIII, Apple iPhone 5 and HTC One SV among other premium smartphones. For more information about Cricket's dynamic device lineup and no contract, prepaid plans, please visit http://www.mycricket.com.

To follow Cricket's latest news and updates online, go to Cricket's Facebook page online at http://www.facebook.com/cricketwireless and Twitter at http://www.twitter.com/cricketnation.

About Cricket
Cricket is the pioneer and leader in delivering innovative value-rich prepaid wireless services with no long-term contracts. Cricket offers nationwide wireless voice and mobile data services over high-quality, all-digital 4G LTE and 3G CDMA wireless networks. Cricket's innovative products and services, including the award-winning Muve Music® - the first music service designed for a wireless phone, are available nationwide at Cricket branded retail stores, dealers, national retailers and at www.mycricket.com. For more information about Cricket, please visit www.mycricket.com.

SOURCE Cricket

For further information: Greg Lund, Media Relations, +1-858-882-9238, glund@cricketcommunications.com

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Leap Wireless

Leap, a fast growing wireless service

LEAP

Business Summary

Leap Wireless International, Inc., together with its subsidiaries, provides digital wireless services under the Cricket brand name in the United States. It offers unlimited local and the U.S. long distance service, and unlimited text messaging services, as well as mobile Web, 411 services, navigation, and data back-up. The company also provides BridgePay, a flexible payment option for customers to use and pay for the company?s cricket wireless service; Cricket PAYGo, a pay-as-you-go unlimited prepaid wireless service designed for customers who prefer the flexibility and control offered by traditional prepaid services; Muve Music, an unlimited music download service for mobile handsets in various cricket markets; and Cricket Broadband, an unlimited mobile broadband service that allows customers to access the Internet through their computers. In addition, it offers voice and data roaming services; and a range of handsets, including smart phones and feature phones. The company sells its cricket handsets and services through company-owned retail stores, as well as through authorized dealers and distributors, including premier dealers and local market authorized dealers; nationwide retail locations; and other indirect distributors. As of June 20, 2012, it served 6.2 million customers. Leap Wireless International, Inc. was founded in 1998 and is headquartered in San Diego, California.

Key Statistics

rally for today beginning

Oppenheimer upgraded shares of Leap Wireless (LEAP) from a market perform rating to an outperform rating. Oppenheimer now has a $10.00 price target on the stock.

bottoms up

dbl down @ 6.05 :)

Leap Completes Mobile Spectrum Swap

http://www.thestreet.com/_nasdaq/story/11725359/1/leap-completes-mobile-spectrum-swap.html?&cm_ven=nasdaq&cm_cat=free&cm_ite=na

Leap, Sprint move on PCS takeover reports

http://www.marketwatch.com/story/leap-sprint-move-on-pcs-takeover-reports-2012-10-02

Buyout target by the top three cell phone companies!! Insiders are buying early before the news!

Leap Wireless International Inc. (LEAP) -NasdaqGS
6.22 0.28(4.71%) 11:45AM EDT - Nasdaq Real Time Price!

Buy out price is around $16.00 a share! Offers are on the table!

Falcon Point Capital LLC says shareholders could see the value of their stakes doubling in a takeover from $4.96 a share yesterday, while Pivotal Research Group sees a deal driving the stock to $16.

Aug 14 - Standard & Poor's Ratings Services said today that it raised its
issue-level rating on the senior unsecured debt at Leap Wireless International
Inc. subsidiary Cricket Communications Inc. to 'B-' from 'CCC+' and
revised the recovery rating to '3' from '5'. The '3' recovery rating indicates
our expectations for meaningful (50%-70%) recovery in the event of a payment
default. (For the full recovery analysis, see the report on Leap, to be
published shortly on RatingsDirect.)

52wk Range: 4.28 - 11.30

$LEAP extreme low float! GO go go!

Did no one see this news? I didn't see it posted.

http://www.foxnews.com/scitech/2012/05/31/leap-wireless-to-sell-prepaid-iphone/

Leap Wireless International Inc. will start selling Apple Inc.'s iPhone next month, making it the first prepaid carrier to offer the popular device in the US.
The addition of the iPhone increases the reach of the popular device for Apple and brings a marquee product to Leap's Cricket service, which has been seeing customer growth slow.
The San Diego company will offer the iPhone 4S and iPhone 4 with its $55 per month wireless plan beginning on June 22. It will sell the 16-gigabyte iPhone 4S for $499.99 and the older eight-gigabyte iPhone 4 for $399.99.
Those prices are higher than offered by other larger carriers that require customers to sign a two-year contract in exchange for the subsidy that covers a portion of the phone's cost. AT&T Inc. offers a comparable iPhone 4 for $99.99 and Verizon Wireless sells a similar iPhone 4S for $199.99, according to the carrier's websites.
J.P. Morgan analyst Philip Cusick estimates that Leap will subsidize each iPhone by about $100 to $125, which is above its typical $50 to $100 smartphone subsidy.
The iPhones will come with a $55-per month unlimited talk, text and data plan, but full-speed data will only be available up to a threshold of 2.3 gigabytes a month, after which the data speed will be slowed.


Read more: http://www.foxnews.com/scitech/2012/05/31/leap-wireless-to-sell-prepaid-iphone/#ixzz1zCz7uK9F

http://betanews.com/2012/05/21/leap-promises-a-pocketable-compact-3d-user-interface/

vitalii another great bottom play ...look at ENTR...GO LEAP

News out

Nice action today. Looks good for tomorrow.

Great bottom play!

AWESOME DAY FOR LEAP ..MORE TO COME

AWESOME DAY FOR LEAP ..MORE TO COME

I know my portfolio welcomed the GREEN day, we have been due for this for several trading days!

LOOKS LIKE WE R ONE THE START OF GOING UP ...TODAY ...GREEN DAY!!!

It sure has dipped today again, I am with you, it will be fun to see this one turn UP! Just a matter of time, and best of luck to you in all your investments.

yeah thats what im seeing bounce time soon ..im saying monday