This post was just published on ZYX Buy Change
CLWR is not part of the Sprint (S) deal with Softbank of Japan.
The rationale of Softbank investing in Sprint is that it will build more value added services. To do so, it will require more spectrum.
Our thesis for holding CLWR is the large amount of spectrum that CLWR owns. However at this time, for the short-term the risk has increased. The stock can as easily go under $2 as it can go over $3.
What To Do Now?
For tracking purposes a 10% tranche is being exited in the pre-market right here around $2.69. The remaining will be held for long-term.
Those who are short-term oriented may want to take at least partial profits here.
Those who are long-term oriented and are holding a very small quantity may continue to hold with the full knowledge that the stock can easily pull back under $2.
