Clearwire Has Operational Cash Until 2014 and 2 Heavily Traded Stocks to Follow
Clearwire Corporation (NASDAQ:CLWR): Current price $3.44
Clearwire, which is majority-owned by Sprint Nextel Corporation (NYSE:S), reported on Thursday that it would have sufficient cash to fund its operations until the first quarter of next year, if it does not raise any additional financing. But, the firm acknowledged on its quarterly conference call that it would need to cease its high-speed wireless network upgrade, and also lower other costs so as to stay solvent until the first quarter, as it posted a narrower operating loss, even as its revenue fell. Clearwire agreed in December to be bought out by Sprint for $2.97 per share, and told analysts that deal would forward even if Sprint reneged on its October agreement to divest 70 percent of its shares to SoftBank Corp at a price of $20.1 billion.
Sirius XM Radio (NASDAQ:SIRI): Current price $3.13
Sirius shares have been reiterated by TheStreet Ratings as a Buy with a ratings score of B. Analysts said that “the company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, expanding profit margins, and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. SIRI’s revenue growth has slightly outpaced the industry average of 8.3 percent.” Revenues have increased year-over-year from 2012 by 13.9 percent.
Yahoo! (NASDAQ:YHOO): Current price $24.68
The firm reports that Fred Amoroso has decided to not seek reelection to the board at the upcoming 2013 annual meeting of shareholders. However, Amoroso will serve on the board through the shareholders meeting on June 25th , but he has resigned as chairman. In the meantime, the board has named Maynard Webb, Jr. to serve as interim chairman.
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