Otelco (OTEL)

Investment summary
-Otelco presents itself as an asymmetrical risk/reward with a skew towards the upside.

-The company recently refinanced their looming debt obligation. The refinancing will buy the company time to continue deleveraging their balance sheet.

-Further debt reductions will allow the company to trade at a higher valuation with lower risks.

-Otelco is still undervalued on an absolute and relative basis. However, due to the refinancing, the upside is now higher than before.

-High barriers to entry, stable FCF and an attractive business model make for a great takeover target.

View full post here:http://seekingalpha.com/article/3853116-otelco-one-top-ideas-overlooked-misunderstood-majority-market