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Provides broadband and wireless services to commercial customers.
So why would a company that lost 53,000 last year, and had sales growth of 3.6% be worth buying? I'll tell you why, Growth Potential. They recently aquired another wireless provider, Speakeasy, in Seattle and have been using that as a base to expand wireless broadband connectivity in the city, adding it as their 8th Metropolitan Area that they service. Wireless Broadband will continue to be a growth industry for a few years still, and Towerstream is better positioned to take advantage of that than any other company right now. While there will be some difficult competition from major telecommunication companies, in the end Towerstream looks more like an ideal partner than a competitor. They have projected TRIPLE digit sales growth for the next two years due to their large investment in their sales staff. At close to 1 yr lows, this stock is a great buy.
As TWER approcahes break even in the second half of 2009, now is the time to be rec'ing this, but I can't Market Cap is too low.
BEWalsh13,Good call.I found this stock using the MF screener set at >10% insider ownership. The insider ownership for this stock was about 21% last I checked.Mobile internet looks like the future. Will Wimax be part of that future? It seems that Towerstream has found a way to make Wimax work for businesses...they have great revenue/sales growth. If trends continue, TWER should be profitiable in about a year.
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