Sat, Jul 12, 2014, 9:25 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Clearwire Corporation (CLWRD) Message Board

accugrowth 11 posts  |  Last Activity: Jun 28, 2014 10:01 AM Member since: Oct 16, 1998
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Why does BOA have $36 price taget on ELNK?

    by kittlesandnits Jun 25, 2014 1:07 PM
    accugrowth accugrowth Jun 28, 2014 10:01 AM Flag

    McRed has been correct about ELNK for over the past 8 months. However, the ELNK free cash flow indicates that a death watch is not warranted.

    IMHO

  • Reply to

    Why does BOA have $36 price taget on ELNK?

    by kittlesandnits Jun 25, 2014 1:07 PM
    accugrowth accugrowth Jun 25, 2014 2:52 PM Flag

    The BOA estimate was based on a buyout price, not a 12-month projection. I did not read the report in detail, but it probably includes the ELNK debt of $607 million.

    The Short Interest report was posted today on the NASDAQ website. It is up to 9.315 million ELNK shares as of June 15 from 8 million in May. The share price rose after the report was released.

    The Russell 2000 report comes out on Monday. ELNK will be listed futher down the list this year than last year, but the Market Cap still qualifies it for the list. That is unless McRed shorts a whole bunch more shares over the next 3 trading days.

    The ELNK options market does not reveal much enthusiasim either way. This is just a small stock waiting to post their next quarterly report. They will pay a hunk in interest, but will also pay down some of their debt. The decrease in debt is a benefit to current shareholders. As is the dividend. As is the repurchase of shares (to be discontinued per the Q1 Report). No worries.

  • Reply to

    Artisan Bought Back 5 million Shares in Q1

    by accugrowth May 8, 2014 9:07 AM
    accugrowth accugrowth May 30, 2014 3:08 PM Flag

    There may be other buyers out there. The top 15 Institutions own more than 60% of ELNK. All the BOD needs is thier approval to get a super majority vote to sell the company. To me, that means that ELNK has negotiating power.

    RAX needs more Data Centers and they need the fiber connection between them in order to compete. RAX has international clients, while ELNK has USA clients. The synergies make a lot of sense. RAX announced publically that they are reviewing deals.

  • Reply to

    Artisan Bought Back 5 million Shares in Q1

    by accugrowth May 8, 2014 9:07 AM
    accugrowth accugrowth May 15, 2014 8:27 AM Flag

    Most of large Tutes reported their ELNK holdings last night; Artisan is at the top of the list with 8,157 shares. The Tutes moved their control of ELNK from 72% as of December 2013 to 85% by the end of March 2014. That leaves very few shares for retail investors to trade.

    Of the large holders of ELNK from the December 2014 data, 3 funds have not reported yet - Sterling (4.1 m), Millenium, (3.2 m) and Trioaks (2.9 m). Six other large holders increased their ELNK holdings. Three decreased their shares by a small amount. Finally, Three decreased their holdings by a significant amount. They are:
    WHV decreased by 2.565 m shares, now holding 1.650 m shares
    Blair decreased by 1.9 m shares, now holding 0 shares
    Wells Fargo decreased by 1.740 m shares, now holding .354 m shares

    The daily volume of ELNK shares being traded is mostly the Tutes trading among themselves. They will let the share price rise when they are done with tax loss trading and hedging. The Short Interest has remained stable at about 8.2 m shares for a couple of quarters; therefore, short sellers are not a big factor in this stock. IMHO

  • ARTISAN PARTNERS LIMITED PARTNERSHIP sold over 8 million shares of ELNK during Q4 of 2013 to bring their holding to zero on December 31. However, Yahoo Major Holders lists Artisan now holding over 5 million shares at the end of Q1 2014.

    Retail investors got played by this Institution. More Tutes need to report, but the pattern seems to be that the top 10 holders of ELNK will hold more than a majority of ELNK shares. That makes a buyout of ELNK easier to arrange. IMHO

  • Reply to

    Watch out below

    by mccormickred May 6, 2014 9:50 AM
    accugrowth accugrowth May 6, 2014 12:25 PM Flag

    Cash Flow is fine. Ended 2013 with $116M and ended Q1 with $109M. Of that, $5M was returned to shareholders as a dividend plus a couple million dollars was used to pay down debt.

    McRed confuses paper losses with susstainability. I do not.

    I have been watching the behavior of the Institutional holders of ELNK. So far, they do not share McRed's fear. More need to report over the next week.

  • Reply to

    ELNK will be a penny stock by march 2015

    by mccormickred Apr 14, 2014 3:17 PM
    accugrowth accugrowth May 4, 2014 11:47 AM Flag

    Blackrock (a 7% holder of ELNK) added to its position during the first quarter. BARCLAYS GLOBAL INVESTORS UK HOLDINGS LTD is new with 480,000 shares. These are in addition to the other funds that I have reported in this thread who have added shares.

    The funds that are reporting the sale of ELNK shares are small in number and small in the number of decreased shares, so far.

    There are more funds to report during the next few days. The Tutes seem to have increased their share count to 80%. That leaves few retail investors and few shares for retail investors to buy.

  • Reply to

    ELNK will be a penny stock by march 2015

    by mccormickred Apr 14, 2014 3:17 PM
    accugrowth accugrowth May 3, 2014 9:31 AM Flag

    Another Institution added a significant stake in ELNK during the first quarter. See the NASDAQ website under NEW holdings:
    APG ASSET MANAGEMENT N.V.
    03/31/2014
    2,573,700 shares

    The short interest reported for March 15 is 8.4 million shares. Not much of change for the past 6 months.

    The prediction of a cut in the dividend has also proven to be wrong, per the recent announcement by ELNK. The BOD were solidly voted FOR during the Annual Meeting. All we need now is a quarterly report on Tuesday.

    No worries.

  • Reply to

    ELNK will be a penny stock by march 2015

    by mccormickred Apr 14, 2014 3:17 PM
    accugrowth accugrowth Apr 15, 2014 6:25 PM Flag

    ROI is not based on weeks or months. ELNK is a long term investment.

    Also, the Data Centers are built. They only need to add to them as demand increases. AWS, MSFT, GOOG are cutting prices to compete with each other. However, they do not have 90 fiber rings like ELNK. They are either gonna need to spend more big bucks to build out their network, or buy an existing one. No worries.

    I appreciate your passion McRed. I just do not agree with your conclusions. That is what makes a market.

  • Reply to

    ELNK will be a penny stock by march 2015

    by mccormickred Apr 14, 2014 3:17 PM
    accugrowth accugrowth Apr 15, 2014 9:04 AM Flag

    Cash Flow is the catalyst factor for ELNK. They are putting $140 million in Capital Expenditures back into their business in 2014.

    Shareholders are being paid 4% in dividends to hold their shares as the turn around proceeds. McRed is not doing that well hiding in bonds.

  • Reply to

    ELNK will be a penny stock by march 2015

    by mccormickred Apr 14, 2014 3:17 PM
    accugrowth accugrowth Apr 14, 2014 8:42 PM Flag

    Sorry McRed, the big Tutes are beginning to report changes in their positions as of March 31. The holder of 1.8 million shares of ELNK, BERSON & CORRADO INVESTMENT ADVISORS, LLC, announced they increased their share count by 4.65% during the first quarter of 2014.

    At least one Fund does not support McRed's Chicken Little act. More will be reporting during the next couple of weeks. I do need to give McRed the credit for being right about the direction of the ELNK share price during the past 6 months. However, his predictions of doom and gloom are overstated IMHO. Berson agrees with me.

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Potbelly Corporation
NasdaqGSFri, Jul 11, 2014 4:00 PM EDT
LTC Properties Inc.
NYSEFri, Jul 11, 2014 4:04 PM EDT