Correct and that I believe is what Matt's point is. Too early to kick CLWR to the curb for at least two reasons:
(1) short term market downturn (2) additional 4M shares issued Both of these items can and often will soften a stock value. All that said I think $20 - $24 a share is ridiculous for CLWR. I expect CLWR will bump back up maybe even beyond the IPO price once the market bounces back. The smart money will jump ship saving their skin and the stock will turn downward from that point on. "Clearwire has lost more than $460 million during its four-year existence. The company generates about $100 million in annual sales..." Certainly McCaw can afford this type of bleeding, but for how long and more importantly how long will Wall Street wait to see the light at the end of the tunnel? Will CLWR ever bask in the sunshine? Long term I only see a decline in value unless they start producing profits real quick! CLWR isn't making any money and doesn't have a bright future of EVER making any money. Hope I'm wrong because a CLWR failure is a failure for fixed wireless as a whole. Best, Brad -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Peter R. Sent: Wednesday, March 14, 2007 9:37 AM To: Matt Liotta Cc: WISPA General List Subject: Re: [WISPA] Clearwire stock dropping Matt Liotta wrote: > It seems premature to suggest that Clearwire is tanking. When you > consider that an additional 4 million shares were issued and that the > overall market is currently down, I think their stock has move as > expected. I bought in at $20.68 and am quite happy with my position. > > -Matt > > Issuing the extra 4 million shares actually diluted the value of the stock. -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
