On the revenue side, we are pleasantly surprised. Issues continue to be the losses that come primarily from the flat rate, unlimited Internet access and the consolidation of their international assets. |
The biggest challenge is to convince investors that this is a company that can produce consistent top-line and earnings growth. |
The company has staged quite an impressive turnaround and should be able to see sustained growth around the 3.1 percent level it saw in 2005. |
The numbers were OK, but there were no surprises for the upside and we are seeing profit taking after the run up we saw earlier this week. |
These were particularly good results with a strong margin improvement in the fourth quarter, but the market may focus on the very challenging outlook comment for 2006. |
We feel increasingly confident that 2006 will be a year when top-line, earnings growth and margins will accelerate. |