Jim, I think we are all thinking twice, including the "CAWSaholics", before sinking any more money into this issue. No, CAWS will not be the next Turner; however, the technology is sound and marketable. Since CAWS owns a large number of valuable FCC spectrum rights in high density markets, i.e. NY, Boston, DC, Tidewater, etc., this company, even with its slow to non existent implementation schedule, retains a higher than stock-price book value. Now, if CAWS decides to sell these spectrum rights and do something else with the proceeds, well, then all CAWS speculators will be SOL. The way I see it, only BANX can give CAWS the kick-in-the-pants that it needs to succeed. Why is BANX dragging their feet? Could be that MMDS is not on the front burner during their merger, or did BANX decide that MMDS no longer fits into their grand scheme, who on the outside knows? Compared to the real CAWSaholics, I'm a small player, in at 1000 @ 9 and 1000 @ 4-1/4. Do I want to average down again? Probably not. Do I think CAWS is a good buy at this time? It may be, since I do feel that we are at the bottom considering the company's (and the market's) present state. This stock is going to move on any news. Just which way is the question. My opinion only.
Forrest
P.S. News like the recent post from BILL JAMES is very encouraging! |
