Here is the data on the LWINs bids:
Market Population BUs Gross High Bid Net High Bid
Detroit 4,705,164 8,469,296 $10,765,000 $8,073,750
Fayetteville 222,526 400,547 114,113 85,585
Flint 500,229 900,413 485,000 363,750
Ft. Smith 282,187 507,937 223,026 174,770
Grand Rapids 916,060 824,454 756,694 567,521
Little Rock 852,026 1,533,647 1,954,000 1,465,500
Redding 253,255 227,930 112,521 84,391
Reno 439,279 790,703 1,390,129 1,042,597
Tucson 666,880 600,192 1,617,000 1,212,750
Tulsa 836,559 752,904 896,000 673,000
Wichita 597,494 1,075,490 1,379,000 1,034,250
TOTALS 10,271,659 16,083,513 $19,692,483 $14,777,864
Net bids divided by BUs = .92. Is that cheap enough?
My guess is that “BU” stands for basis units. As in the number of
potential customers. Markets with more industry would have a higher
BU number than population number. I'm guessing on this. Does anyone
know for sure?
I do know this. I trust the LWIN management. They are why I'm a holder
of LWIN stock. Judging from the markets upon which they are bidding,
I feel pretty good. I know the Detroit market personally and I can
assure you that 8 mil is a steal. |
