Author Topic: ATEX - Anterix  (Read 1930 times)

DW1234

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Re: ATEX - Anterix
« Reply #10 on: August 31, 2020, 02:21:21 AM »
Intruiging idea for sure. Unfortunately I have no clue how to assess the value of their spectrum vs competing solutions. It's all quite technical with a lot of moving parts. There must be a nice edge for people who know this type of stuff in and out.


Saluki

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Re: ATEX - Anterix
« Reply #11 on: September 17, 2020, 07:09:28 AM »
Earnings call transcript, for those interested.

https://www.fool.com/earnings/call-transcripts/2020/09/17/anterix-inc-atex-q1-2021-earnings-call-transcript/

Letter of intent with Ameren and hopefully a signed contract soon.  In talks with other utilities, but nothing signed yet.  Some utilities want to prepay specturm leases to treat them as capex, ATEX will record those revenues in accordance with GAAP throughout the full term of the lease as it is earned. Some government funds may be available for utilities to modernize/strengthen their grids.
If it's important, do it every day. If it's not important, don't do it at all.  -Dan Gable

valueventures

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Re: ATEX - Anterix
« Reply #12 on: September 30, 2020, 08:35:08 PM »
ATEX now trading at ~$33/share. Any reason for the decline from ~$46/share a few weeks ago? Anyone nibbling at these values?

Saluki

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Re: ATEX - Anterix
« Reply #13 on: October 01, 2020, 06:29:38 AM »
Well, part of me thinks it's dropped because I bought it.  The trading gods do this to me to gut-check me every time I buy something new.  I'm thinking of selling my trade signals to short sellers so that I can capitalize on this phenomenon. 

It seems to have been falling steadily, not one giant drop so I don't think there is any news to incorporate.  The CEO, OBrien (one of the 2 co-founders of NexTel) stepped down shortly after he shepherded it through to get FCC approval and announced that the president would be the new CEO. OBrien is still Executive chairman of the BOD, which is good, but he sold 3/4 of his stock (about $5 million) after he stepped down.  I haven't sold any shares and only bought a tiny amount more.  If they can sign up a few utilities I think it will confirm my thesis and I'll add more.  If they can't, I'll sell.  But I don't feel comfortable adding a big slug even at a lower price because the position size I have is what I'm comfortable with for something that shows promise but is unproven yet. 
If it's important, do it every day. If it's not important, don't do it at all.  -Dan Gable