I thought the early July small cell symposium would give TWER a nice boost but the opposite happened. Sense then the target price has dropped from $5.00 to $2.15 and TWER has hit a 5 year low. You have to ask the obvious question why. I believe analyst now understand real small cell deployment has been pushed out much further then they had anticipated. No one disputes the fact that small cell is the way to go but it is a very difficult deployment and everyone it taking the time to learn and build a network that works. This leaves Wi-Fi offload to fill in revenue gap and that's still an experiment in progress as TWC will trial 2.0 in a few months. These delays aren't TWER's fault but until there's a substantial revenue increase, HetNet and TWER's broadband business will continue to burn cash. This is a new market and it's impossible to handicap the chances of TWER's potential for success. Hate the way this is playing out but Glen's 2017 timeline looks about right. Good to see the press release today, hopefully this and the IPhone will get offload going.
What is resistance? Maybe $1.58 area? Heard that TWER is seeking small cell debt financing from carriers. Aside from that, they have some form of debt offering that will come into play soon, this year I think. Hard to tell what type of financing. It may or may not be share dilution. Credit facility with fixed wireless as collateral?
August 11, 2014 ... Conference Call with Analysts...
"We ended the quarter with approximately 17 million in cash and cash equivalence. We continue to believe that our valuable network assets located in 12 major cities across the country will provide a necessary collateral if we decide to access a debt market to fund strategic acquisitions, small cell deployments or other working capital purposes."
No additional equity-based financing as any such undermines management also.
TWER/HetNets will succeed. Off to a modest start with big things to come. The likelihood of a lucrative joint venture or outright acquisition inclusive. Buying HetNets. The involved rooftop assets being hugely valuable. Over $200 million to date. And growing.
The HetNets revenue numbers increasing every quarter with positive projections. Additional network tenants bringing economies of scale realities to the fore. With period net earnings emerging.
The company's short position continuing to decrease with every recent reporting.
The big money knowing.
Now is the time to BUY!!!
Sentiment: Strong Buy
Thompson was a professional skateboarder? Lol. Midget skateboarder.
TWER will need debt financing some time soon. Have to wonder if the price share retreat to the $1.30s is the tell that something is coming soon. It will likely be a fairly high dilution for shareholders. Thinking that TWER would like to get a contract or something positive signed related to small cell contracts, pump the stock up, then we get hit with a 25 million share debt financing with H.C. Wainright as they are angling for this type of business. Might see Wainright upgrade the shares to a BUY with mid $2.50s target or higher to get the price up, then financing. Fun times!
Jeff has been lying for years and people still buying the stock. Go check the history. He's got this napoleon complex because he's a little midget. Used to be a professional skateboarder, but is just a little, tiny midget that lies and lies. Keep buying if you're a moron! I wish it were easier to short this piece of #$%$.
gdaven, with all due respect, I think we are screwed. this roller coaster is a one way trip with occasional highlights to keep us hoping. I really think it is time to sell when it gets back to $3 (if it does?) and call it a day. I have been here since before the original IPO and I still feel the pain of selling shares to deep pocket with time on there hands and the info to know how to play this buy/sell game we all see and know. I wish I had sold and re-bought at the highs and lows but I don't have the knowledge (some do) to work a strategy. too many disappointments and certainly no profit. I feel badly because I really thought this was going to "go long green" like gary says. if it works for you to try and buy/sell at highs/lows good for you. and I mean that, I am out for the little guy because I'm one.
good luck to all,
peace in very troubled times,
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Published on Thu, 09/25/2014 - 14:52
By Peter Chu
Towerstream (NASDAQ:TWER) traded at a new 52-week low today of $1.34. This new low was reached on above average trading volume as 470,000 shares traded hands, while the average 30-day volume is approximately 194,000 shares.
In the past 52 weeks, shares of Towerstream have traded between the current low of $1.34 and a high of $3.36 and are now at $1.38. The 200-day and 50-day moving averages have moved 0.52% lower and 0.74% lower over the past week, respectively.
Potential upside of 106.5% exists for Towerstream, based on a current level of $1.38 and analysts' average consensus price target of $2.85. The stock should run into initial resistance at its 50-day moving average (MA) of $1.67 and subsequent resistance at its 200-day MA of $2.12.
Towerstream Corporation offers wireless broadband Internet services to businesses. The Company operates in metropolitan areas in the United States.
By Peter Chu
Sentiment: Strong Buy
From many stock observations this week, I believe the spiral is just some jump-starters for tax-loss selling putting pressure on numerous underperformers. Havent exactly seen any capitulation type volume, so it could go lower, but I see it closer to $2+ by end of Jan '15.
Sentiment: Strong Buy