Following it's beating since releasing earnings, the DRWI position was increased by 50% today, taking it to a c1.8% position.
While DRWI is still a speculative investment, remember that DRWI has $3.15/share in cash on its Balance Sheet. Additionally, a conservative liquidation value (assumes no value for tax assets, any long-term assets, or DRWI's technology, and a discount to book for receivables/inventory) is c$3.40-3.50.
While the news (or lack-of) on Clearwire and Tier 1 US carriers wasn't great on the conference call, bear in mind that analysts still believe DRWI will earn $0.80+ this year and be profitable next year. That combined with the balance sheet value remains interesting, given the $6.15 stock price.
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