<expected to open $16-$17>
Semi-wild guesses all.
We know it'll be up a few. And if it gets that "gotta own" spin going, we'll see it above 20 pretty easily. If fast money institutions (eg., Kaufman Fund, FIDO Aggressive, etc) start flipping, we'll see it cave in at some point.
Seemingly more substantial than AMZN, it'll likely stay above issue in the days/weeks to come. But a market cap of over $1 billion? And @Home is just a network/content springboard to the net. Much of their model is ad revenue though one can just use their net connection and bypass their content.
And TCI owns them (72% of voting power), so there could be conflicts.
And only a small percentage of the cable infrastructure currently supports the necessary two-way comm. Cash poor MSOs will be moving slowly on this type of upgrade unless THEY will be the primary beneficiaries, and only then if customer dollars will push the upgrade.
Many other substantial uncertainties, IMO. Still, these are exciting times for bandwidth, and this is an exciting offering - no doubt.
I own some from the offering, and will likely just flip. Only question is, "will the first print be the best print?"
Regards-
Steve |
