Re: MMDS Sector
MMDS is basically an alternative to cable TV, that is slowly being rolled out. The sector was hot last spring and summer, then tanked for a number of reasons in the fall. For a listing of all players in this field, with links to specific sites, see:
paytv.com:80/mmds-operators.html
I follow the following the companies that make up the consortium called CS Wireless Systems, made up of HART, PCTV, (and CAWS, which I am not currently following.) CAMP has traditionally been the equipment provider for CAWS and, consequently, this consortium. These companies all bottomed last fall, and are currently "out of favor".
I began talking about these companies in the middle of last month elsewhere. I have had a position in CAMP for a while, and I took a position in PCTV about 4 days after I first mentioned it. Here is what I have found recently:
HART -- 13G filed 1/30 for 1.34M shares or 6.8% by Putnam
13G filed 2/11 for 2.1M shares or 11.07% by Fidelity OTC
Fund.
PCTV -- 13G filed 2/11 by BCI Growth III LP for 1.18M shares or 9%
13G filed 2/13 by Dimensional Fund Adv. for 942,000 shares, or
7.29%
13G filed 2/14 by Matthew Oristano for 799,000 shares, or
6.1%
CAMP -- 13G filed 2/10 by Fidelity Select Telecom, who added 31,900 shares to positions reported in October, or 5.6% All of Fidelity holds ~1.5M.
I believe that one of the major stumbling blocks in this industry was the FCC's failure last fall to grant wide-band microwave allocations. They are currently poised to do so.
My buy in prices are:
HART -- prior was 9, is currently in 7's.
PCTV -- up to 4 1/2, is currently at 4 3/4, so buy on dips.
CAMP -- as close to 5 as you can get it.
Please do your own DD and rely on your own judgment.
Happy Trading.
P. Webster |
