Post by
a5a22406 on Nov 18, 2005 1:48pm
Cramer discusses Alvarion - 11/17/ '05
Cramer is bullish on Israeli wireless broadband connectivity company Alvarion (ALVR:Nasdaq) as a play on the expected growth in WiMax.
WiMax, said Cramer, could be huge as it has a range of 30 miles as opposed to WiFi, which is measured in feet.
Alvarion has made a profit in just two years of its 10-year history, though, said Cramer. But, at $7.67 -- where the stock closed Thursday -- the stock is cheap, he said.
Cramer believes that Alvarion's stock has bottomed and that the catalyst for the stock to move higher should come early next year when industry standards for WiMax are expected to be decided upon.
Asked about the possibility of Alvarion getting acquired, Cramer said he never speculates on takeovers when a company's earnings are declining. He is "playing it for the earnings, and they've got to come back."
Comment by
schris4 on Nov 22, 2005 8:33am
There's another site that went in to greater detail on this stock, with an early '06 target in the mid teen's. Very compailing arguement though. If it hits $10 soon, I'm going in...
Comment by
a5a22406 on Nov 22, 2005 12:21pm
Hi, the site you mention in your post, what is it? Do you have a link?
Thanks
Comment by
schris4 on Nov 28, 2005 1:50pm
Sorry. I can't seem to find it now. I read so much stuff this time of year, it's hard to keep tabs on everything. I'm still watching this one though...