Leap Wireless International, Inc. (NASDAQ:LEAP)

The wireless phone business is a tough one, as Leap's results clearly show. Having said that, LEAP has a very valuable asset in the spectrum that it owns and its current subscriber base. It's difficult for me to personally place a alue on these things, but as I always say I'd rather be generally right than exactly wrong. I think that its sufficient to say that they are worth well in excess of Leap's current market cap.

Despite its poor performance, Leap does not appear to be in danger of filing for bankruptcy any time soon. Why? One major reason is that the company's Chairman of the Board owns a huge chunk of stock that he will likely do all that he can to protect the value of.

This is a much riskier stock than the ones that I normally play, but the upside potential for a multi-bragger is huge. Everyone needs a few small high risk, high reward positions like this from time to time.

Kudos to Columbia University's excellent Grahm and Doddsville newsletter for its recent interview with Daniel Krueger, who provided the inspiration for this pick.

Deej

A Jeffries analyst went sour on LEAP last week, now Morningstar crowned it a top ten 2013 takeover target. I'll take a shot on a rebound here. Potential gain outweighs any loss scenario like a Sumo wrestler outweighs Bugs Bunny. (Yes, I know that Bugs can put a big hurt on the wrestler!)

A prime target for DISH to get into wireless.

Getting killed in this tough industry.

Worst in class in a rough industry

hasn't been profitable for a while and don't see it happening anytime soon

Relative Bounce Likely Complete, Fall to Resume

here we go again

BOSTON (MarketWatch) -- There's a fine line between a "value play" and a "value trap." The trick for investors is figuring out what you've got.

A value play represents the purchase of solid assets on the cheap and a real chance to get some growth as the market catches on. With a value trap, the investment only appears cheap; when the market catches on to the potential problems, the stock calls and locks shareholders into a loss..

Consider Leap Wireless International Inc. (LEAP) , a stock that appears to be a good value, but which has sufficient danger to be the Stupid Investment of the Week.

Watch to test $15.30 to buy or push to $18.60.

Great low price offers hard to beat.

I don't know what they are doing in the rest of the country, but Cricket is taking market share from every other provider in the DC metro area. I like telecoms in general, long Sprint in real life, want to add some LEAP to my portfolio. I favor Sprint for long term yields, Leap could leap up in the short-term though, VZ or T might buy it up, who knows mabye even Sprint after just buying Metro.

economy is still recovering and people who has not yet find way of raising income will prefer leap over other carrier and management at leap is finding ways to merge or get bought which will benefit company and share holder at current price. as anyone who will buy leap need tp bid atleast $35

Want to survive, then merge up. It's what will get you up leaping again.

I think, they might merge up with PCS... Its more likely now with AT&T entering the market and the 2 companies combined worth will be more than the current pps...

Its now trading near to 52 wk low and I dont think.... its going lower than that....

Testing out a portfolio with outperforms on stocks with tickers that spell words.

Negative earning, bear market, high short interests...

Stock miss the earning by 10 cents expecting -17 cents loss and report -27 cents loss and the stock rice 5 points

the stock value is high teen is over value at $42.75

if you are short hold on don't buy the stock long

Strong Q4 earnings, subscriber growth