Clearwire, a wireless-broadband wholesaler, fell 32.11% in April, and closed recently at $1.67.
The reasons to avoid Clearwire at this time are:
Verizon Wireless (VZ) is selling 700 Mhz A and B spectrum, making the value of Clearwire spectrum less valuable Company has not reported an annual profit in five years Clearwire may be forced to sell its spectrum to improve its weak balance sheet: its total value estimated to be worth $4 billion NetZero 4G has an attractive price for consumers and requires no contract (unlike offering from AT&T and Verizon), but its limited availability also limits consumer appeal. The service is only available in 70 cities.
Tomorrow or in the near future when vz purchases 1.9-2.6GHz spectrum, then the same analyst will change his tune. This anal-yst has completely got the spectrum situation backwards (no pun intended). So much for the rats (shorts) and this pied piper who plays different tunes at different times.