Dustin Jurman wrote:
WinStar's plan assumed a 10 year ROI on a site. In hindsight that seems
rather foolish now, but back then they convinced people it made sense.
Being an ISP you understand build out costs, some put a lot more into a site
than others. We'd probably do things a little differently, maybe not. Here
is what I do know.
2. They seem to have very good dealings with all of the tower companies
which gets them bulk pricing, reduced costs, etc..
American Tower is a major shareholder, so this should be expected.
6. Look how many sites they have built in a year. It's sick...
Look how few they have monetized. It's sick...
7. We all know that once you build a site it takes some time to monetize
them, they seem a little behind but maybe not.
Who says they are executing? Good installs, good equipment, lots of
sites built, and happy customers are all important things, but none of
them mean they are executing well. They actually need to execute against
their business plan, which includes things like cash flow and
profitability. Both currently stink.
8. Wall street will keep feeding them as long as they are executing, and
they are doing a good job of that.
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