NII Holdings (NIHD) stock: overbought or not?
NII Holdings (NIHD) operates telecom services in Brazil under the Nextel brand. NII is the controlling owner of Nextel Brazil after its partner ICE.net failed to increase its stake in the entity.
The shares of this Brazilian telecom provider have doubled since early June. The company made significant improvements on many fronts, but it still bleeds cash and has a large debt.
We find it difficult to attribute the dramatic share price jump to any operational improvements. But at a lower price point, the company can be acquired or it could sell its assets to another telco.
finstead.com/bite/NII-Holdings-NIHD-stock-forecast-prediction-july-26-2018
The shares of this Brazilian telecom provider have doubled since early June. The company made significant improvements on many fronts, but it still bleeds cash and has a large debt.
We find it difficult to attribute the dramatic share price jump to any operational improvements. But at a lower price point, the company can be acquired or it could sell its assets to another telco.
finstead.com/bite/NII-Holdings-NIHD-stock-forecast-prediction-july-26-2018
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