Clearwire Corp (CLWR)

uncch08 (< 20) Submitted: 3/31/08 12:32 PM : Start Price: $14.12 CLWR Score: -27.02

Here's some math for you. The price per POP (Point of Presence - see http://en.wikipedia.org/wiki/Point_of_presence) for the recently ended FCC Auction averaged out to be $0.77. At HALF that value, Clearwire's POPs alone would value the company's shares at $38. This is a sustainable business with enormous cash flow potential. While Wall Street has criticized the company for scaling back on capital expenditures while a partnership agreement is being worked out, management is focusing on spending wisely. Founder Craig McCaw has delivered for shareholders before and Clearwire will be no expection.

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