A report from D.I. reiterates its Medium Risk – Negative Bias on Leap Wireless International LEAP.
The report states, “Impairment charges; instability in the CFO and Chief Accounting Officer (CAO) positions accompanied by a history of accounting issues; patent infringement proceedings; and DOJ activity support our opinion of a Medium Risk - Negative Bias rating for LEAP”.
LEAP closed yesterday at $6.88.
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