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Clearwire Corporation (CLWRD) Message Board

  • wise4us wise4us Dec 4, 2008 7:31 AM Flag

    Build it and they will come ($$$)

    Rough couple days for Clearwire but things will turn around in due time. For long term investors who bought in at higher levels (like me) read the following link and realize 2009 will bring better times.

    http://www.unstrung.com/document.asp?doc_id=168817

    Below writer Bob Faulkner, expresses my exact feelings. (Build it and they will come).

    From an investment perspective there is only one thing that I want to see and that is Clearwire’s management team executing to the plan that they have laid out in the past. Management has commented for sometime that it wanted to hit the ground running and a quick scan of their job postings suggests that that is exactly the case. A number of weeks ago I highlighted to subscribers of The Telecom Connection that Clearwire was searching for network implementation staff in Dallas, Denver, Houston, Los Angeles, Miami, San Antonio, and San Francisco. That list has since expanded to include:

    Austin, Texas
    Orange County, Calif.
    Baltimore and Washington
    Orlando, Fla.
    Boise, Idaho
    Oxnard, Calif.
    Boston and Rhode Island
    Philadelphia
    Chicago and Wisconsin
    Phoenix
    Cleveland
    Pittsburgh
    Colorado Springs, Colo.
    Riverside, Calif.
    Connecticut
    Sacramento, Calif.
    Detroit
    Salt Lake City
    Fresno, Calif.
    San Jose, Calif.
    Jacksonville, Fla.
    Spokane, Wash.
    Lakeland, Fla.
    Stockton, Calif.
    Minnesota
    Tacoma, Wash.
    New Jersey
    Tampa, Fla.
    New York City
    Tennessee
    North Carolina
    Western Pennsylvania and New York
    Ohio-Kentucky-Indiana
    West Palm Beach, Fla.

    Obviously, they weren’t kidding!

    From where I sit, this is much to do about nothing, and courtesy of one sell-side firm or a worried investor, the stock is far less expensive than it was on the previous day. It’s certainly a speculative stock, not for the faint of heart or those looking for the quick buck. But when you consider the fact that the company’s partners invested based upon valuations in the $17- to $23-per-share range, current buyers on the open market are being given a huge discount. We’ll have to wait and see if that plays out in the longer term.

    Position: The Telecom Connection model portfolio is long CLWRD

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