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Clearwire Down 28% As Firm Mulls 'Skipping' Interest Payment
CLWR faces $474mm in interest expense for the next 4 years so 'skipping' this interest payment shouldn't be a problem, right? $7.93bn in debt principal and interest and a $1.5bn market cap (well before today that is) - all is well in the HY wireless broadband market. Paging ISDA...
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oh snap.
"Skipping" ?? Is that like skipping lunch and having happy hour instead?
It's not a default. We're just skipping it. Might make it up later when we can, so bear with us. And after all it is voluntary. Nobody forced us not to pay.
Things aren't looking to good for the economy. Good god, the economy looks like it's almost about to implode.
saturday morn....bloomberg crawi.....clearwire may be using this non payment as a ploy to get a better deal from sprint???????
Network error...
It's dead, Jim. Put a halt on it.
Ha ha! Or move it to the Pink Sheets.
I'm sure everything is just fine over at Clearwire.
No, no. Using debt value adjustment, this means that the company's liabilities now have a PV of zero, and they will book a huge profit this quarter. Buy with both hands!
nice comment, and spot on!
LOLOL!!!!
Cant even come up with the dough to make the interest payment....oh but ALL IS WELL!!
And Cox put up the white flag yesterday on its wireless operations. APPL can claim victory. What is APPL's prize?
They'll use the savings to buy back their own stock with both hands and feet.
End-game. These are the new rules.
.
Even worse, they use the rumor of skipping an interest payment to push the share price down, buy up a packet of it and then make the payment and watch the price go right back up as the HFT's get back on it.
Instant 20+ yield.
. (seen that done many times in my career, BTW).
Wow, that is some twisted shit!
Transmitory.
Can I skip out on my bills too?
So, raise hands. Who bought more silver yesterday?
Not much, really. 5 canadian half-dollars.
This morning... I bought Libertads.
What can I say? I like titties!
Not yesterday but, I pulled the trigger early on today!
I just called my bank. They laughed when I asked if I could skip interest payments on my mortgage for the next 4 yrs.
Prepare to be foreclosed upon, just ASKING questions like that at some banks is reason to declare you out of contract and ask you to pay the total due, now
You can just feel it all. May take a while but at some point Poof! All gone.
"It's Voluntary."
Option ARM Loan?
donald trump is advising them
they wanna try for a haircut, not a credit event
Bah its all a scam to make money to pay the interest payment.
1. Short 25 mil shares @ 1.90-2.00
2. "Mull" your options on your payments publicly, stock tanks 50%
3. Stock tanks you cover it at 1.00 area and use the profits to make your next payment, stock fully recovers.
fidelity wont let me short it.
Tricky short. Look at MF Global the last few days of its trading.
I think the CEO's dad missed a child support payment.
Caution should be exercised for anyone thinking of buying soon to expire puts in an IRA on a stock that might be halted. The brokers won't let you exercise because you would be short the shares until
they're unhalted (and you can't be short in an IRA).
Learned this the hard way recently.
It's going down
http://www.youtube.com/watch?v=XL-gLb5sf_8
Its a ploy to get the stock price down, then get bought out by Google (owns 15%).
"Hello ISDA here.
Oh that's not a problem.
We understand there is a voluntary agreement."
I think I will go long the last 2 minutes today.
My elderly pop just canceled his Clear service. He talked to a native English language speaker who apologized for the problems with his service, waived all the cancellation fees, and told him to keep his leased radio in case he ever wanted to subscribe again.
Yea, I'm just not gonna go.
"But won't they fire you?"
"I've always wondered what that would take..."
crap. my employer is tied up with them, too. I wish google would buy us...
Everybody sing "skip to my lou" with Clearwire.
http://www.youtube.com/watch?v=FjnPWLduCN0
I see blood. BTW, tyler you forgot to report RMBS 60% drop.
Take a good long look at this stock price chart. Because one day soon, this is what BAC's stock will look like.
Thanks, Tyler...You confirmed my it's a buy!...
TYLER, YOU'RE MY FAVORITE!
I'm skipping my tax return next year.
Well, those have always been "voluntary" assessments. Just look it up.
Hey, Tyler, remember this?..."winter in america"-Gil scott heron...
Pull it up and let's humm it together
Thought about replacing my dsl with their Clear 4g product but when I googled a little bit online I found hundreds of complaints about the way they do business. Its a great concept to have totally portable 4G that you can take with you anywhere but if you treat people like dirt your reputation becomes crap and no one wants to use you.
I meant to mention this a couple of weeks ago, the local Clearw're store was operating one day and gone the next. The sign taken off the building, a note taped to the door saying they were closed permanently. They had thousands of customers and now when you go to the website to "FIND A STORE" and input your zip code it just says no store available. This leaves a whole lot of customers in the lurch. The manager of the Blockbuster next door told me that he heard the people running the Clearwire had borrowed a lot of money and muscle showed up to bust up the place and beat it out of them. But you know how rumors are. I actually signed up with them last year but when we went to install the gear there was a huge redwood blocking the signal from their satillite.
Convert Clearwire into a bank like GS did...then get showered with endless Free Money from the Fed Window....and Big Fat Bonuses to boot!
BOOOYAAAHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
But there's going wireless EVERYWHERE and in EVERYTHING for th nanny snoop state. Here's how it works.
Wireless device 1bajillion - Hey can I talk is it clear.
Wireless device 1 bajillion and 1- Hey I want to talk too. Can I.
Wireless device 1 bajillion and 2 - I've asked 9000 times im sending anyway.
Wireless device 1 bajillion and 3 - Packet dropped resend.
Clearwire sucked! Spotty service, no/rude customer service. They would keep charging you after you cancelled. Good riddence!!!!