
Closing Bell Overtime: Billionaire Investor Leon Cooperman on the Markets 1/5/23
Closing Bell
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Is the Government Seizing an Asset Worth $15 Billion?
This is a company that has close to 40 megahertz of 5G spectrum. It's extremely valuable. The country needs more spectrum. They got approved, they bought the spectrum in auction many years ago and about eight years ago the Department of Defense alleged that the spectrum was interfering with the GPS system. I have no problem with that. Let them pay for it. This asset that they have is worth $20-30 billion. You can create the first-line paper at like $25-30 cents of the dollar. So if the management is smart, they'll be buying back stock, which really accrees to my value. And I think that wrong on it's of course be
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