RE:$4.70 52 week low "$4.70 at the end of December. With the financials and their result's and their outlook they are in a worse position now. I expect a drop to $4.00 or below in the next month or so. Institutions will be hesitant to buy back in for at least a year"
Given the EBITDA in the first two quarters and the new annual guidance the company expects significantly higher EBITDA in the next two quarters vs. the one just reported.
With the service business now at approximately 80% of revenue and with an annualized growth rate of ~10% this quarter the hardware business is increasingly irrelevant. The services business continues to muscle forward. If the January job gains in Canada and the US are any indication more workers will require more phones. The fall off in hardware sales may have been temporary as the strength of the economy may have been underestimated!