Alvarion Ltd. (USA) (NASDAQ:ALVR)

leaderoftheback (68.89) Submitted: 5/12/2010 9:20:06 AM : Start Price: $20.80 ALVR Score: -99.51

May 11, 2010 Limit Order at 2.10 as it trades at $2.75: I like the cash on hand and 0 debt; the CAPS rating is compelling (though I believe all y'all are over-rating this one). I'm a little confounded by the lack of profitability, or even progress toward profitability. This suggests management weakness, which is always a long term problem. They burnt about 10% of their cash last quarter and guidance, such as it is, suggests cash flow will continue to decline. So while it currently looks attractive on a price/book or price/cash basis, both book and cash are likely to decline. $2.75 is a falling knife.