The only reasonable offer is 8+. Just because the bidding started from an abysmally low level does'nt mean that 5 or 6 is fair value.
Sentiment: Strong Buy
I dreamt that a veggisaurus came and 8 his veggies!.
Sentiment: Strong Buy
So, S being the majority owner of clwr DOES have a fiduciary towards clwr shareholders if someone like Dish wants to buy the remaining % of outstanding equity for a higher price vis-a-vis their own 3.4 bid. Anything contrary to this is a breach of FD by S and therefore illegal.
Sentiment: Strong Buy
Other than collusion with the clwr bod does S really have a majority at the board level?. If they had, clwr's debt would be on S's books today.
Sentiment: Strong Buy
Better late than never, even though "justice delayed is justice denied".
Sentiment: Strong Buy
Dish needs to update their offer to a knockout 8+ without waiting for S's response, and then all of hisse's letters will be used as TP by clwr.
Sentiment: Strong Buy
Read Crest's letter first. It implies that the "agreements" itself are subversive and illegal to begin with, since they stifle (anti-competitive) a fair bidding process in the event of such a situation.
Sentiment: Strong Buy
Dish should ditch S and go all out for clear. This is the only way to kick out s-sb.
Sentiment: Strong Buy
Exactly, and then why did hisse respond with the 3.4 offer to trump dish (and did'nt say anything at that time)?.
Sentiment: Strong Buy
without which Son will not be happy since he has a "winner take all attitude". Therefore, it is possible that S-SB makes a knockout return bid of 13.97 which will make mccaw whole, make the lawsuits go away, and immediately get the minority institutional and retail votes on the clwr deal. Moreover, Dish's 25.5B bid for S will then fade into the background because the S shareholders will see a huge increase in their own EV due to the clwr acquisition (due to SB). Subsequently, Dish may have to bid higher than 25.5B to get S. I think it's all a chess game, imo.
Sentiment: Strong Buy
From the economictimes in India -
"The PaperTab: A seamless fold-up, roll-up tablet computer for you
Jun 1, 2013, 05.00AM IST
A possible future competitor to the iPad ditches tablet conventions in favour of a flexible "electrophoretic" display that functions like digital paper." Google - {economic times india roll-up tablet } for the full article.
Sentiment: Strong Buy
True, and that is why Ergen should have knocked out s-sb with an 8 instead of just 4.4. This could've ended conclusively in dish's favor.
Sentiment: Strong Buy
100% correct!.
Sentiment: Strong Buy
Should be if they're not pennywise and pound foolish. Stingyness on any side is self defeating when you look at the exponential growth of smart devices and everyone migrating to them resulting in a gigantic demand for data at high speeds.
Sentiment: Strong Buy
and the spectrum got more valuable over the past 6 years due to the exponentially increasing data demand stemming from a plethora of smartphones / tablets / pads etc. Even after taking clwr's debt into account 8 is the bare minimum according to a ton of tech. reports.
Sentiment: Strong Buy
"According to the Furchtgott-Roth Report, Sprint's $2.97 per share offer for
Clearwire represents a value of just $0.11 per MHz pop for Clearwire's
spectrum and significantly understates the current value of Clearwire's unique
spectrum holdings. The Report says that applying reasonable assumptions to the
multi-customer business plan presented by two firms advising the Clearwire board
results in a valuation between $9.54 and $15.50 per share. These share price
values correspond to spectrum prices between $0.31 and $0.50 per MHz pop." Dinner is not over as yet.
Sentiment: Strong Buy
or he could make a knockout bid of 13.97 for 49.8% of clwr now and drive away sb.
Sentiment: Strong Buy
If it comes down to the wire each minority vote here is equally critical in terms of a swing vote. Also, 5 won't cut it when the whole world now knows the base spectrum value is over 8 after taking clear's debt into account (former fcc commissioners report etc.). If Ergen steps in with a knockout bid for clwr now, it will derail the S-SB deal.
Sentiment: Strong Buy
Exactly, and clwr is a puppet on a chain. Everyone should vote no on the web to beat the deadline.
Sentiment: Strong Buy
Not so crazy. If you analyze (linear extrapolation - beta was ~1, plot the dow vs. clwr pps using a slope of tan45 over time) the historical data of the stock, we should be at 7+ if sonofagun had'nt capped it with his fraudulent offer.
Sentiment: Strong Buy