This is a very interesting buy at these levels.Negatives: Decent...

This is a very interesting buy at these levels.

Negatives:
Decent amount of debt on balance sheet, however CR helped restructure this
Retail BB / Services business could be weak. (However SuperBB has has a massive amount of new customers late last year, a positive but also a negative as they have had issues with customer service and most recently a Cisco bug has lead to outages)

Positives:
Large network without very little CAPEX required. Expansion going forward likely out of cash flow (ie - only increase when customers pre pay) Book value of network 210 million as per AGM presentation.
NBN & fixed wireless businesses may surprise, very little has been priced in IMO. Positioned as premium provider (yes, the outages hurt) however they are also a NBN alternative via non NBN fixed wireless for retail and commercial applications via NuSkope/BigAir