SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Winstar Comm. (WCII)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alejandro who wrote (4511)3/16/1998 3:24:00 PM
From: Steven Bowen  Read Replies (2) of 12468
 
Some Grubman thoughts from his latest report dated 3/12/98 (thanks SteveG):

What a difference a year makes! A year ago at this time, the CLEC stocks looked like they were going to zero with McLeod, Intermedia, and Brooks Fiber, all trading in the mid-teens and Teleport trading around $20 per share and ICG trading at close to $10 per share. We were very adamant at that time about the value of the business ths CLECs represented and reiterated our bullish stance on the group. Given the huge runs these stocks have had both over the last year as well as year-to-date in 1998, we suspect that some investors wonder what's left in front of them. We would like to reiterate that we believe that, if anything, these are better stories today than they were a year ago, because there is more visibility of fundamental business execution and the strategic attractiveness of these assets continue to rise.

Now that fourth-quarter earnings are nearly over, we would like to discuss the strong results that the CLECs achieved. We would also like to reiterate our bullish, if not more bullish, stance on this group. The CLECs have performed fantastically during 1997 and 1998 and we believe that there is even more to come. We've said many times in print that the CLECs are the best telecom investment opportunity in the past 15 years and we still believe that this is true.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News