Jim, as a shareholder of both WCII and CVUS, I believe that you have somehow lost
perspective. Your posts are usually quite informative, but I'm afraid your last post
was off base. The problem with your argument is that it ignores reality.
1) WCII IS at $36 and CVUS $6, an apparent market abberation, but an inconvenient fact,
nonetheless.
2) If the top 10 markets are worth $25 per pop for LMDS then WCII OWNS $25 per pop
frequency in the top 10 markets, not to mention what they own in the next 40 largest
cities and other cities for a total population coverage of ~180 million
(we could argue specifics like 28ghz vs 38ghz capabilities, but you get my drift.
If you think CVUS is worth $25 per pop or $14 per share, how can you possibly believe
WCII is not worth $50-60 minimum? And that's just giving WCII credit for licenses, not
for actually running a viable business.
3-?)management capability, customers, roof rights, switches, salespeople, 1500 employees,
$415 million in cash, hundreds of million in available financing, etc. .....
Listen to the replay of the WCII conference call (# available on WCII thread) and you will
get a clear and vivid example as to which company makes a better investment.
Regards, Brian |
