DragonWave Inc. (DRWI-T Dead)) Stock Predictions - Stockchase
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DragonWave Inc. (DRWI-T Dead))

ON STOCKCHASE SINCE Dec 2008

In receivership Aug 2017

electrical/electronic

DragonWave Inc.

DRWI-T Dead)

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DragonWave Inc. (DRWI-T Dead)) SAVE Dec, 31, 1969, 7:00 pm

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DON'T BUY

This was a $14 stock 5 years ago and is now trading below $1. Destroyed quite a lot of shareholder value, and their past quarter indicated that orders had been pushed further into the future. Last quarter was quite horrendous. It is now a really tiny company. They haven’t made anybody any money and they don’t pay a dividend.

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This was a $14 stock 5 years ago and is now trading below $1. Destroyed quite a lot of shareholder value, and their past quarter indicated that orders had been pushed further into the future. Last quarter was quite horrendous. It is now a really tiny company. They haven’t made anybody any money and they don’t pay a dividend.

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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$0.910
Owned Owned
No

COMMENT
DragonWave Inc.(DRWI-T Dead)) 

December 22, 2014

Has been involved in the stock for the better part of a decade. Has been an under performer this year, although not extremely so. Tactically it is probably going to be the beneficiary of the end of tax loss selling, so he would expect a nice little bounce in a company like this that is showing some positive momentum in their backlog. Thinks they are going to have to raise more capital in order to fund the growth. Feels there is big growth eventually coming. It seems like ClearWire (which is owned by Sprint, and now owned by SoftBank) has finally got their act in order, in terms of rolling out the microwave backhaul part of their network and upgrading it. That, in addition to the contracts that DragonWave is winning in India, is good and is all positive. Tactically he thinks there is a bounce here to possibly $1.50. Be careful as it is a volatile name.

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Has been involved in the stock for the better part of a decade. Has been an under performer this year, although not extremely so. Tactically it is probably going to be the beneficiary of the end of tax loss selling, so he would expect a nice little bounce in a company like this that is showing some positive momentum in their backlog. Thinks they are going to have to raise more capital in order to fund the growth. Feels there is big growth eventually coming. It seems like ClearWire (which is owned by Sprint, and now owned by SoftBank) has finally got their act in order, in terms of rolling out the microwave backhaul part of their network and upgrading it. That, in addition to the contracts that DragonWave is winning in India, is good and is all positive. Tactically he thinks there is a bounce here to possibly $1.50. Be careful as it is a volatile name.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$1.215
Owned Owned
Yes

PAST TOP PICK

(Top Pick Sept 30/13, Down 41.87%) The build-out never really happened.  The structure of the financing was so dilutive in the end.  It paid investors in the deal to sell the shares.

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(Top Pick Sept 30/13, Down 41.87%) The build-out never really happened.  The structure of the financing was so dilutive in the end.  It paid investors in the deal to sell the shares.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$1.200
Owned Owned
No

DON'T BUY

He has shorted it many times and made a fair amount of money. 

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He has shorted it many times and made a fair amount of money. 

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Jerome Hass

Portfolio , Lightwater Partners...

Price Price
$1.530
Owned Owned
No

COMMENT

Formed a little bit of a consolidation, and then broke out and is now coming back again. Often you will see, when you get a bit of a breakout on a consolidation, a stock will come down and test the area, in this case at around $2. Watch to see if it can test the $2, and stay above it. The longer term chart is bearish. He wouldn’t trade it for the long term because the bigger picture is Down.

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Formed a little bit of a consolidation, and then broke out and is now coming back again. Often you will see, when you get a bit of a breakout on a consolidation, a stock will come down and test the area, in this case at around $2. Watch to see if it can test the $2, and stay above it. The longer term chart is bearish. He wouldn’t trade it for the long term because the bigger picture is Down.

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$2.090
Owned Owned
Unknown

COMMENT

Believes they recently won a contract in India. Doesn’t think there will be a rise in the stock. Had an equity deal last fall that was sold on the basis of Softbank buying Sprint which they were going to benefit from. This doesn’t seem to be happening. Also, when they did the equity deal, it was structured in a way that the amount of warrants that investors received went up if the stock price declined. Stock price did decline, and they had to issue a lot more warrants. He has a small Short on this.

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Believes they recently won a contract in India. Doesn’t think there will be a rise in the stock. Had an equity deal last fall that was sold on the basis of Softbank buying Sprint which they were going to benefit from. This doesn’t seem to be happening. Also, when they did the equity deal, it was structured in a way that the amount of warrants that investors received went up if the stock price declined. Stock price did decline, and they had to issue a lot more warrants. He has a small Short on this.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$1.580
Owned Owned
Yes

WATCH
DragonWave Inc.(DRWI-T Dead)) 

February 25, 2014

No longer has a material position.  He was wrong to buy it.  Expected some contracts out of the newly formed Sprint/Softbank/Clear Wire contingent.  Maybe it will still happen.  The company will probably run out of gas over the next couple of quarters if they don’t do any financing. 

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No longer has a material position.  He was wrong to buy it.  Expected some contracts out of the newly formed Sprint/Softbank/Clear Wire contingent.  Maybe it will still happen.  The company will probably run out of gas over the next couple of quarters if they don’t do any financing. 

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$1.510
Owned Owned
No

DON'T BUY

Their specialty is wireless backhaul using microwave. This company has had lots of opportunity, but unfortunately the earnings haven’t shown up. Stock has rebounded a little. Ranks in the bottom 1% of his database of about 730 stocks. Analysts continue to revise estimates downwards. Estimates for the February/15 year end is for a loss of $.31. There are better risk-adjusted returns elsewhere.

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Their specialty is wireless backhaul using microwave. This company has had lots of opportunity, but unfortunately the earnings haven’t shown up. Stock has rebounded a little. Ranks in the bottom 1% of his database of about 730 stocks. Analysts continue to revise estimates downwards. Estimates for the February/15 year end is for a loss of $.31. There are better risk-adjusted returns elsewhere.

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Robert McWhirte

President, Selective Asset Mana...

Price Price
$1.720
Owned Owned
Unknown

DON'T BUY

Interesting company. Near-term opportunity is big, but be mindful that at the moment the company is losing money. Expected to lose $.86 this year and Feb 16/14, and $.25 the following year. Ranks in the bottom 10% of his database.

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Interesting company. Near-term opportunity is big, but be mindful that at the moment the company is losing money. Expected to lose $.86 this year and Feb 16/14, and $.25 the following year. Ranks in the bottom 10% of his database.

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Robert McWhirte

President, Selective Asset Mana...

Price Price
$1.830
Owned Owned
No

TOP PICK
DragonWave Inc.(DRWI-T Dead)) 

September 30, 2013

Microwave backhaul where one network hands off to another (e.g. Verizon to Sprint).  Have 90% of market share.  Thinks you will see a tripling of sales due to consolidations in wireless where its largest customer was being starved of cash but now it has been acquired and will spend $8 billion in network upgrades.

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Microwave backhaul where one network hands off to another (e.g. Verizon to Sprint).  Have 90% of market share.  Thinks you will see a tripling of sales due to consolidations in wireless where its largest customer was being starved of cash but now it has been acquired and will spend $8 billion in network upgrades.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$2.030
Owned Owned
Yes

SELL

Had a fabulous 70% growth rate a few years ago. He’s lost count of how many quarters the company has missed earnings and revenue expectations. Has a niche little product, but nobody cares about the company because they have disappointed so many investors so often. It has far more potential as a tuck in acquisition for someone else. Products are okay and they had really good customers but once those customers stopped buying, their growth rate changed dramatically.

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Had a fabulous 70% growth rate a few years ago. He’s lost count of how many quarters the company has missed earnings and revenue expectations. Has a niche little product, but nobody cares about the company because they have disappointed so many investors so often. It has far more potential as a tuck in acquisition for someone else. Products are okay and they had really good customers but once those customers stopped buying, their growth rate changed dramatically.

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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$1.630
Owned Owned
No

WATCH

Significant acquisition and stock declined significantly as people try to decide if it will survive.  Expected to lose $.57 net quarter and earn $.16 after that.  It is a show-me stock.

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Significant acquisition and stock declined significantly as people try to decide if it will survive.  Expected to lose $.57 net quarter and earn $.16 after that.  It is a show-me stock.

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Robert McWhirte

President, Selective Asset Mana...

Price Price
$2.230
Owned Owned
No

DON'T BUY
Ranks in the bottom 5% of his database. Expected to lose $0.27 in the current fiscal year. Provide Microwave for backhaul from towers. Challenge is that they have single customer concentration. Analysts chopped the earnings estimates by 15% in the last 90 days.
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Ranks in the bottom 5% of his database. Expected to lose $0.27 in the current fiscal year. Provide Microwave for backhaul from towers. Challenge is that they have single customer concentration. Analysts chopped the earnings estimates by 15% in the last 90 days.
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Robert McWhirte

President, Selective Asset Mana...

Price Price
$6.580
Owned Owned
No

WAIT
The reason it did so well and then pulled back is that it has extreme single customer concentration. Clearwire was the customer, who is going through financing to continue the build out in other cities. There are also concerns about there being a second supplier. Needs to see if they get a second round of business from Clearwire later this year.
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The reason it did so well and then pulled back is that it has extreme single customer concentration. Clearwire was the customer, who is going through financing to continue the build out in other cities. There are also concerns about there being a second supplier. Needs to see if they get a second round of business from Clearwire later this year.
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Robert McWhirte

President, Selective Asset Mana...

Price Price
$7.100
Owned Owned
Unknown

DON'T BUY
They committed themselves to one customer. It’s hard for them to win as much with other customers. Good technology. Not confident in the stock.
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They committed themselves to one customer. It’s hard for them to win as much with other customers. Good technology. Not confident in the stock.
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Ian Ainsworth

Vice Presi, MacKenzie Financial ...

Price Price
$8.770
Owned Owned
No

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