TWER announced they selected Siklu, their 600 for street level and the 1200 for higher range. I've traded others but don't follow this backhaul vender. I guess they have some of the most widely deployed E-Band products today using their in-house RF silicon-germanium chipset. They say the 600 is smallest in industry. TWER's balance sheet rating has dropped from weak to weakest and cash is now in range of past secondary offerings. They did an offering of 10.3m shares on 7/15/11 netting 38m and 10m shares on 2/15/13 netting 27m.
Selling exhaustion. Pretty much found a bottom and creeps up with any new interest. It can just as easily fall 10c here by folks swing trading it. Rinse and repeat. Only real move will be from an announcement or rumors or insider buying which tends to happen with this stock.
Financing would be a big deal, since everyone has been worried about dilution, the stock was poised for a move when the gowex news came out, hopefully no head winds this time.
The volume does look good the past few days and the chart does point towards an upward trend, but I don't expect anything crazy here without some type of news. There's resistance at $1.85 that it needs to get through and at $2.00. I don't see it breaking through $2 without an announcement.
That would be nice. Article on new iPhone reminding everyone of Apples decision to support Wi-Fi calling, that fact got lost in the excitement. Author probable owns TWER stock. LOL...Hey brother, Many feel your pain. All kidding aside it's hard times for TWER share holders. Short count dropped back to 2012 levels while volume is at 52 week low and price off 40+ % ytd. NASDAQ on track for 6 straight week of gains. Not sure what it all means but I guess this is fair value for now. Thought the TWC deal gave stock a stronger hand then this, looks like that was a swing and a miss.
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Positive news late last week lifted companies in this sector, well except for TWER. IPAS up 38% ah, not sure what's going on there. Analyst on squawk box positive on small cell and RKUS, that helped sp for sure. A few Articles on Cable and Wi-Fi this week. Glad I'm not a Ravens fan...
I listened last night....good presentation. He did say 90 million additional from the 1500 sites they already have. This should be obtained over the next two years. They are also expanding into other market areas as we speak. I was impressed with the "possibilities".
Things sure shifted this spring for small caps like TWER with low margin of safety and weak balance sheet, they just got hammered. These type of stocks always trade between hope, expectations and reality, looks like reality is king for now. With much of the technology in lad environment it could be some time before it works through trials etc..(think Wi-Fi offload).Glens 2017 prediction is looking like a solid bet. Wonder what the SP swing between now and then will be. At least there are some ok stocks in this sector you can trade while one waits and continue to learn and absorb all of this BS. Rkus was a screaming buy in May and has been on fire but I think it's gone to far. Of course I sold before the holiday so it has the green light to go to $20. Well at least the NFL season started last night.
Yeah, I think you have it correct. The company has said that the rooftops, if fully leased, would max about $90m in revenue and they've been saying that for more than a year. When/if! There would need to be some other catalyst to move this stock in 2014 as we won't have one with small cell contracts. It was interesting to at least see a focus on Washington DC and Atlanta for new markets. Focus is good. When the CEO says "do it creatively", I think part of that is some sort of reverse merger of Towerstream into an existing, and larger CLEC type company where the TWER assets get thrown onto the larger companies balance sheet. I think the idea here would be to merge into an existing CLEC business that has a strong presence in one of the markets TWER is interested in expanding into and TWER would have a massive cash flow to utilize from the merged CLEC's business and thousands of new accounts to switch over to fixed wireless and also use of all those accounts rooftops in future. I believe they are looking for regional/multi market CLECs if you recall the spring conf call. The execution risk for TWER is already quite large as we are today. Can't we just pay someone to take Jeff Thompson away from TWER and have them finally realize their potential in a sane manner?
He did say 90 million for the 1500 "rooftops" already in place when it "matures", meaning about 2 years. He also did say small cell contracts won't be until early next year. He also mentioned plans to enter DC and Atlanta for fixed wireless with an eye toward small cell but said they will do it creatively, whatever that might mean. I would sum it up as another hurry up and wait. Not good with dwindling money. Hopefully they can convince people to lend them money until the small cell revolution is here, if it ever comes in large scale.