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Clearwire Corporation (CLWRD) Message Board

accugrowth 6 posts  |  Last Activity: 18 hours ago Member since: Oct 16, 1998
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  • Revenue turned out to be better in Q1 than expected. Cap EX was also low. These two dynamics combined to create the best Cash Flow in several years. For ELNK, Cash Flow is the important metric. Full Year Guidance was adjusted above the high range of the previous 2015 projection provided in February.

    The company took the reasonable step to pay down $26M in Long Term Debt and reduced its interest costs going forward by $2M per year. They plan to continue to pay down debt. They are also open to selling some low margin assets; listen for any comments about this option in the conference call on Tuesday.

    The number of shares outstanding is another important metric.. Bonuses were paid in Cash instead of shares in Q1. Thus, shareholder ownership was not diluted. There is the immediate value of this decision plus lower cost to pay dividends going forward.

    There are around 6M ELNK shares sold short as of the middle of April. Covering this position should add fuel to share appreciation. If ELNK is able to stay above $5/share, there are large institutions that will move this company from the Speculative to the Value category in their portfolios. That is a good thing for the long term share price stability.

    IMHO
    AccuGrowth

  • News hit just a little while ago. ELNK ranked number 2 out 501 MSPs worldwide. The black fiber and quality backup/security services are main reasons for ELNK recognition.

    To find the article just do a news search for earthlink and MSP.

  • The former CEO of ELNK, Rollo Huff, sold all 2 million of his vested shares per the recently posted proxy statement.

    Normally, the company has first right to purchase the shares of former officers. It will be interesting to see if ELNK used some of its extra cash to reduce the share count. I do not expect clarification until the Q1 report in May. Just speculating.

    McRed had some strong feelings about Rollo's leadership.

  • accugrowth accugrowth Mar 16, 2015 10:01 AM Flag

    Tutes is the short way to indicate Institutions.

    Your negative view of ELNK does not hold up as they have over $130 million in cash. They are looking to pay down debt starting May 2015. ELNK has also announced they are willing to sell hard assets that generate low margins to improve their profitability and pay down even more debt.

    Revenue is where ELNK faces a challenge. The old consumer business is winding down; they are controlling costs to avoid loss. The new managed services business is growing; however, it will take some time for it to become the primary revenue generator.

    In the meantime, ELNK is paying me 5% in dividends to hold the stock. I am a long term investor. Five years minimum is typical for me. The current low share volume indicates that retail investors and institutions agree with me.

  • accugrowth accugrowth Feb 26, 2015 9:11 AM Flag

    All of the Tutes have reported. The net increase in shares held by them is confirmed.

    Short interest for February 13 reported at 6.7 million out of 102 outstanding shares. This is a small decrease from the end of January number.

    Quarterly Report indicated a plan to sell assets to pay down debt. Lower interest payments flows to the bottom line for longs.

    IMHO

  • 95% of Large Institutions reported their Dec 31 holdings. Most increased their stake in ELNK per the NASDAQ website.

    APG and TriOaks sold out. Artisan reduced their stake. The net result is a higher percentage of ELNK shares are held by the Tutes.

    The Short Interest for Jan 30 is still above 7 million out of 101 outstanding shares. There is room for a mild short squeeze should the Q4 report on Thursday be positive. The 52 week high is only $4.75 with no serious ceiling above that level.

    This is an encouraging positive for ELNK longs.

    IMHO