12/4 The Wikinvest Daily Angle

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. The Wikinvest Daily Angle - Market Insight and Commentary from Wikinvest.com Clearwire Rakes in Even More Dough December 3, 2009 at 2:01 am Today's Daily Angle comes from Wikinvest Wire member Rob Powell of TelecomRamblings.com. You can read the full article on Rob's blog. Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full NASDAQ:CLWR chart at Wikinvest You know, given the prevailing gloom and doom scenarios offered by so many financial and tech analysts forClearwire's future, I would have expected the company to have to work their asses off to raise just $1B at a time like this. But the same street which has so many doubts is practically throwing money at these guys. Last week they just raised another $920M. So how much does that make now? $1.564B in new stock to Sprint, Comcast & crew + $1.85B increased from $1.45B in senior debt due 2015 priced today at 12% + $920M more of the same senior debt today, at 0.979 on the dollar. = $4.3B in new capital - $1.4B repaid credit facility - <$0.1B fees and discounts >= $2.8B additional cash available to spend So what does this mean? It means that if nothing else, the great WiMAX buildout extravaganza will go on without interruption for quite some time yet. Now all they need is subscribers, a million or so of them ought to crack open the door a bit…   This email was sent to gatdemit001@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.