Neutral Tandem: TNDM (is giving me a headache)
I'm feeling confused about how to handle some news that broke today about Neutral Tandem (TNDM).
Here are some of the issues which caused today's sell-off:
Revenue of $44.8 million, an increase of 8.5% from $41.2 million in Q2'09 -- Adjusted EBITDA of $19.8 million, a decrease of 4.7% from $20.8 million in Q2'09 -- Net income of $8.5 million, a decrease of 20.4% compared to $10.7 million for Q2'09 -- Billed minutes of 25.9 billion, an increase of 21.5% over Q2'09
Following the report, their share price dropped about 16%.
I won't have time to do any thorough research until the weekend... but I was hoping to get a headstart by posting this blog and getting a discussion going.
If anybody's interested in sharing their thoughts/ideas, I'd really appreciate it!
I own 30 shares of TNDM which I bought for about $16. My original plan was to hold for 3 to 5 years while dollar cost averaging along the way. This weekend I will reconsider that plan to see if it still makes sense.
Thanks Fools and happy Thursday!
p.s.-for more commentary, etc... on TNDM check out this blog I posted a few weeks ago