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Press release from PR Newswire

S&P Equity Research Picks PCS Focus Stock of the Week

Monday, June 06, 2011

S&P Equity Research Picks PCS Focus Stock of the Week14:32 EDT Monday, June 06, 2011NEW YORK, June 6, 2011 /PRNewswire/ -- MetroPCS (NYSE: PCS: $18) has been picked by Standard & Poor's Equity Research as its Focus Stock of the Week.  PCS carries S&P's highest investment recommendation of 5-STARS, or Strong Buy.  "We believe PCS's subscriber market share gains in 2010 were driven by its Wireless for All pricing strategy launched in January 2010 that includes all taxes and fees as well as unlimited , nationwide voice, text and data for as little as $40 a month," said James Moorman, Wireless Telecommunications Equity Analyst at Standard & Poor's Equity Research.  "In addition, PCS was one of the first prepaid carriers that offered smartphones, which, coupled with low-price, unlimited plans, proved to be an attractive combination during the smartphone surge in a difficult economy.  Further pricing innovation occurred in late 2010 with the company's MetroUSA, or national plans, and new Long Term Evolution pricing was introduced in January 2011.  We believe this chain of innovation will continue in 2011 and help to drive continued growth in subscribers and average revenue per user."  Moorman believes PCS's competitive pricing plans should allow it to take advantage of uncertainty at T-Mobile, which is awaiting approval for its planned takeover by AT&T (NYSE: T 31 Buy).  He says T-Mobile has typically offered lower-priced wireless plans, and he thinks uncertainty from the pending merger could allow PCS leverage to convert subscribers to PCS's network.  Moorman observes that if the merger is approved, AT&T could be required to sell certain markets or spectrum, allowing PCS or other carriers to enhance their respective networks. To view a video of Mr. Moorman discussing PCS, paste the following link into your browser.  http://link.delvenetworks.com/media/?mediaId=f42d98172b544631b82e4ab147a1513c&width=480&height=411&playerForm=DelvePlayer&autoplay=true About Standard & Poor's Equity Research ServicesAs one of the world's largest producers of independent equity research, Standard & Poor's licenses its research to global institutions for their investors and advisors.  Standard & Poor's team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of equities across industries worldwide.  Follow Standard & Poor's equity analysts' U.S. market commentary each day at http://www.equityresearch.standardandpoors.com/.Standard & Poor's keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of Standard & Poor's may have information that is not available to other Standard & Poor's business units. Standard & Poor's has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. Standard & Poor's does not trade for its own account.  The analytical and ethical conduct of Standard & Poor's equity analysts is governed by the firm's Research Objectivity Policy, a copy of which may be found at www.standardandpoors.com. For more information contact:Marc Eiger, Communications, Tel.: 212-438-1280marc_eiger@standardandpoors.comAll information provided by Standard & Poor's is impersonal and not tailored to the needs of any person, entity or group of persons.  Past performance is no indication of future results. Standard & Poor's and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only current as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.This material is based upon information that we consider to be reliable, but neither S&P nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. With respect to reports issued to clients in Japan and in the case of inconsistencies between the English and Japanese version of a report, the English version prevails. With respect to reports issued to clients in German and in the case of inconsistencies between the English and German version of a report, the English version prevails. Neither S&P nor its affiliates guarantee the accuracy of the translation. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Neither S&P nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.SOURCE Standard & Poor's