Clearwire: Potential for Improvement
Zachary Scheidt submits:
Last May, ZachStocks published a cautionary article on Clearwire Corporation (CLWR). The company is aggressively building out a new mobile broadband service which has it spending cash by the billions (literally). My concern was that the aggressive spending coupled with operating losses could place the company in a vulnerable position.
While I surely did not expect the credit crisis to become as severe as we saw in the second half of the year, the fears were well-founded with Clearwire. From the time the article was posted until the low in February, the stock dropped a sobering 81%. Hopefully you were able to cash in on some of those profits by shorting the stock.
Related Topics: 2008, broadband, credit, LEC, losses, Mobile, stocks, telecom