When owning a stock, considering owning a stock, or deciding to sell a stock - I like to have an objective analysis of the company. Cheerleading just doesn't pay the bills - in my world at least.
The issues that I would consider at this time:
1) the IPO market is extremely weak (review Ben Holmes column at thestreet.com for analysis). The number of shares being issues is huge. This can minimize short-term movement. (Take a look at "chtr".)
2) last week's Business Week had an article questioning the valuation of "awe". Why not take a look at what the article says (USA Today, and most major news mags have had similar negative views of this company - and the issue of it being a tracking stock).
3) the 4/26/2000 WSJ article (front page) seemed to indicate many non-savvy ATT employees are taking out loans to buy this stock, thinking that it will be a huge IPO winner.
4) the recent thestreet.com article (I posted an URL yesterday) quoted wireless mutual fund managers, hedge fund managers as saying that they didn't even submit an indication of interest. They don't want any part of this company.
5) George Gilder, of his newsletter fame; and Qualcomm management have voiced their opinion of "awe" 's technology and prospects for "tdma" technology.
I've looked at the prospectus, and wireless is the place to be right now. But can anyone provide positive information on "awe" specifically? Any articles or analysis? Thanks.
I would like to change my opinion, assuming objective positive analysis is available.
Good luck either way,
Just my opinion,
Respectfully, advalorem |
