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The Company offers wireless broadband personal communication services, or PCS, on a no long-term contract, flat rate, unlimited usage basis in selected major metropolitan markets in the United States.
MetroPCS offers an inferior good to the market, but one that a number of people cannot afford. If the economy does well more and more people will be able to get MetroPCS and many will leave it-- resulting in a fluctuating customer base. If the economy does poorly MetroPCS might actually benefit by being the only 'super' low cost competitor. Reasonable P/E, targeting a growing hispanic population, decent profitability debt, and price/ book value, balance sheets reflect a growing company that's cutting liabilities. Disclaimer: Might by a real position over the next few months
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