Broadwing (BWNG)

[infamous]

how come i cant get a quote for BWNG?

[Learning2vest]

Just saw the LVLT cash and shares show up in my Schwab account, so it's time to turn out the lights here. This was a sweet ride over the last few quarters, but will always think that it ended a bit too soon. Now, where would that light switch be located?

[JLSegal]

NASDAQ Announces the Annual Re-ranking of the NASDAQ-100

http://www.nasdaq.com/newsroom/news/pr2006/ne_section06_143.stm

New York, NY, December 8, 2006 — The Nasdaq Stock Market, Inc. (NASDAQ®; NASDAQ:NDAQ) announced today the annual re-ranking of the NASDAQ-100 Index®, effective with the market open on Monday, December 18, 2006.
“The NASDAQ-100 Index is one of the world’s most recognized benchmarks that owes this distinction to its components: companies that are leaders in a diverse range of industries,” said NASDAQ Executive Vice President John L. Jacobs. “The annual re-ranking of the NASDAQ-100 Index is an objective, transparent process that culminates in the formation of a select group of companies in a global benchmark that is the basis of dozens of licensed innovative investment products throughout the world.”

The following 3 issues will be added to the NASDAQ-100 Index: Level 3 Communications Inc. (NASDAQ:LVLT), Infosys Technologies Ltd. (NASDAQ:INFY), and Vertex Pharmaceuticals Inc. (NASDAQ:VRTX)............

[kron7777]

Will do the same. But if LVLT goes to $10 very fast , I will sell.
LVLT is a true #1 among IP Networks.
Gross margins of 65%+ comparing to 38% at BWNG.
As they say invest in #1 company in a growing sector. The only concern is their debt: I don't know how it is structured and if there are any party that might be interested in bringing the stock down before the converting the debt to equity.

[Learning2vest]

Getting bought out by Level 3 at this point in time was not what this Broadwing investor was counting on... but it's looking better every day. LVLT is turning out to be a very effective consolidator, and just might be on track to become a winner.

This BWNG long is gonna take the cash and hold the LVLT shares awhile.

[JLSegal]

May 16, 2006 BWNG/AOL news:
(this story never appeared under BWNG ticker symbol)

May 16, 2006 11:13 AM US Eastern Timezone
AOL Launches AIM Phoneline
DULLES, Va.--(BUSINESS WIRE)--May 16, 2006--AOL

New Service Offers a Free, Local Phone Number and Voicemail to AIM Users

Leading Industry Providers - Broadwing Communications, Telchemy and Plantronics - Selected to Support AIM Phoneline Service

AOL today announced the launch of the AIM Phoneline service, a new offering that gives AIM users a free, local phone number to receive unlimited incoming calls online through the AIM service as well as free online voicemail.

AIM(R) Phoneline is a new communications enhancement to the AIM(R) service, the leading instant messaging service in the United States, which includes the widely-used Buddy List(R) feature, as well as free email, mobile text messaging, voice and streaming video services. With this launch, AOL is also kicking off the 10th anniversary of the Buddy List feature, an historic product innovation that revolutionized instant messaging and real-time communications, and helped millions to organize their online community networks. An interactive timeline and video commemorating the history of the AIM service and the Buddy List feature is available at www.AIM.com/birthday.

With the AIM Phoneline service, AIM users - 18 years of age or older - can get a free, local phone number to use however they like. This number provides always-on voicemail delivered to the user's AIM Mail inbox, and when users are signed into the AIM service, they can screen incoming calls with Caller ID, answer calls and talk as long as they'd like. Users can also enable the service to send a mobile alert via cell phone to notify them whenever they have new voicemail.
http://messages.yahoo.com/bbs?action=m&board=1609339595&tid=bwng&sid=1609339595&mid=...

[Learning2vest]

In case anyone else cares.

----- Original Message -----
Sent: Monday, May 01, 2006 @ 11:48 AM

To: Investor Relations - Broadwing

Subject: 2005 Annual report - page one photo

Please take a look and reply with names left to right.

.........................................................

Reply ~20 minutes later;

"Lynn Anderson, Kim Larsen, Scott Widham"

[kron7777]

Also the payment to Ciena.
In any case, everyone is looking into the future. So the revenues and guidance is the key. All the competitors say the business is picking up and the pricing environment is much better now. Would expect the same from Broadwing. And as you pointed out, fixed expenses will cause most of the revenue increases to go directly to the bottom line. And I am sure most people still don't get it.

The chart is a piece of beauty. It can't continue to go up 1-2% every day. It should break to the upside when either shorts capitulate or sideline money will capitulate and rush to buy the shares. Or both.
Or it can break down if there is something threatening to the fundamentals. But I just don't see what bad can happen. Internet traffic to decrease? Nah. Are they going to lose a market share? They only can gain it at this point.
So I am not buying and I am not selling. Does it mean a 'hold' rating? LOL.

[Learning2vest]

Been fun to watch the market "discover" the underlying fundamentals here. BWNG was not on the market's radar until the company reported it's first break even EBITDA last qtr. They had been making steady progress toward doing that for 8 straight qtrs, but it was not until it happened that the market took notice.

I'm thinking that top line revenues will be the key to what happens when the 1st qtr results get reported in a few weeks. The last big debt payment was made on Feb 21, 2006, so that will be a drag on cash flow one last time. The accelerated depreciation of Focal assets will also continue to be a drag on net profit, but that non-cash charge is about to end as well.

Getting mighty close to the time when BWNG's incremental revenues will yield proportional incremental profits. That's when the real fun will begin here! Nothing drives market valuations better than a strong growth trend in net profits.

[ScovilleUnits]

Sorry for the confusion...I don't take Barrons either. I was hoping that you did.
-------------------------------------

BWNG: mentioned in latest Barron's Publication

Monday , March 27, 2006 06:47 ET

The following article appears in the latest edition of Barron's(tm) discussing :

"Barron's(3/27) 13D Filings: Investors Report To The SEC"

(NasdaqNM: BWNG) last traded at $14.76, up $0.51 (3.58%), on 0 shares.

OTHER STOCK(S) MENTIONED: -- (NasdaqNM: ALDA) -- (NasdaqNM: UAPH) -- (NasdaqNM: PWEI) -- (NasdaqNM: LEXR) -- (NasdaqNM: DISK) -- (NasdaqNM: BCRX) -- (NasdaqSC: IKNX) -- (NYSE: SJW) -- (NYSE: MU) -- (NYSE: MEE) -- (NYSE: LGF) -- (NYSE: GBL) -- (NYSE: FT) -- (NYSE: COA)

[Learning2vest]

Don't subscribe to Barron's. What did they have to say about Broadwing??

Re the recent S-3 Prospectus. I'm not surprised to see the March 14 private placement shares get registered. Expect to see the same happen with the more recent private placement.

I'm thinking that getting the shares registered for sale today does not mean the current investors are going to sell them tomorrow. They may be planning to hold long, or they could flip out at any time.

The bigger question in my mind is figuring out what Huber plans to do with the cash he is raising? He had $109 mil cash at Y/E 2005 plus a fresh $75 mil credit facility. The two recent private placements added $70 mil and $34 million. That means he has $213 million cash plus a $75 million credit line.

Broadwing has been trending toward being cash flow positive, so there must be something new coming. Something that requires a big chunk of cash. Anybody want to venture a guess as to what that might be?

My short list of guesses:

1) Down payment on the acquistion of a European partner

2) Fund a "restart" of the Corvis equipment division

3) Capex to acquire or build more local fiber in the U.S.

[ScovilleUnits]

Do you take Barron's?

I'm still curious what they actually had to put in print about BWNG.

And, what's your take on the S-3ASR filed today? I've been thinking BWNG would start to move sideways around $12-$13 since last Fall but that was just based on speculation of old behavior/s. Folks that bought prior to the R/S and simply wanting to get whole again. Any and all new behavior can take on a life of it's own though. Then again, flipping $10 into $14.60 in a couple of weeks seems old-school behavior to me? Especailly when talking 7.4mil shares with the big-boys. And, it looks like there maybe another shoe to drop (flip) out there in waiting? I think the last private placement was for 3mil shares at $12? $12 to $14.61 times 3mil in a couple of weeks ain't bad either?

Not trying to be negative. I was simply caught by surprise by the resell announcement today.

GLTY

[Learning2vest]

Scovillez,

Fuggeddabout where it came from and when IMO. Focus on what it is talking about, and then decide if you believe it. If you do, then it's time to get busy buying BWNG with both hands.

FWIW, that piece actually restates some of what looks so good about BWNG to this interested observer. Beware, and do your own DD. If you share what you find here, good chance both of us will learn something.

[ScovilleUnits]

Learning2vest,

I stumbled onto the following over on Yahoo. Any idea where it came from or how old it is? It seems to tie into the Hutchinson scenario.
------------------------------------------------------------

Re: BWNG / HGC -Korean Business Journal
by: optical_cannon (28/Providence)
Long-Term Sentiment: Strong Buy 03/27/06 02:13 pm
Msg: 153239 of 153381

Korean Business Journal

London - Following the success of its inter-carrier Ethernet expansion in South Korea and Taiwan, HGC has established interconnections with Broadwing to extend the reach of this Pan Asian VPLS network into the United States via Broadwing's new Converged Services Network.

The reciprocal relationship enables international customers to connect multipoint Ethernet services from locations served in Asia by HGC, its Asian partners and others, with multipoint Ethernet circuits in the United States. The network, driven by Virtual Private LAN Service (VPLS) technology, offers users multipoint international Ethernet services and enables enterprises to create a global Ethernet network in a simple, flexible and cost-effective manner.

Broadwing and HGC have already validated the demand for the new Trans-Pacific Ethernet solution by completing a 6Mbps, Taiwan to California, Ethernet circuit for a leading Taiwanese manufacturer of computer peripherals. Broadwing and HGC installed the end-user connection only days after the primary interconnection was completed and it has operated to the customer's satisfaction ever since.

HGC and their partners have deployed metro Ethernet technology over their state-of-the-art networks within Asia to create a Pan-Asian VPLS network. The addition of Broadwing to the provider mix extends this service into a multi-continental WAN, spanning the Pacific Ocean to provide a compelling option for international business solutions. The service is delivered to user-enterprises as a "plug-and-play" Ethernet interface, meaning no additional investment in hardware equipment is required in Asia or America.

"We are thrilled to be working with HGC to extend the reach of our Converged Services Network into Asia," said Scott Widham, president of sales and marketing for Broadwing. "Broadwing is the only facilities-based, U.S. service provider with the ability to offer Ethernet access to both Layer 2 and Layer 3 VPLS and MPLS VPNs across a common infrastructure, and HGC is a proven leader in deploying Ethernet VPNs in Asia, so it makes a great deal of sense that we would forge this relationship."

"HGC has been a leader in propelling the development of the international VPLS-based Ethernet network solutions in Asia. We are pleased to extend our service reach to the US via a partnership with Broadwing. It further strengthens our position in the global telecommunications arena," said Andrew Kwok, Vice President - International Business of HGC. "We are extremely impressed with Broadwing's flexibility in extending Ethernet in the U.S. Even in locations where Ethernet is not available in the last mile, Broadwing has the capability to interwork services across Frame Relay, ATM, TDM and even DSL to provide ubiquitous network access."

[ScovilleUnits]

Did you guys notice the timeline of purchases?

It's outlined at the bottom of the 13D filed 3-17-06. I tried to Copy/paste but it's not friendly and/or I'm not tech enough...LOL.
http://www.sec.gov/Archives/edgar/data/1060490/000110465906017562/a06-7180_1sc13d.htm

GLTA

[Learning2vest]

Found this from Forbes on BWNG's new deep pockets investor;

"...John de Mol , 47
Source: TV
Net Worth: $1 bil plus
Country of citizenship: Netherlands

A co-founder of Endemol, a television production outfit behind big reality
show hits like Big Brother and Fear Factor. Spanish telecom giant Telefonica
bought Endemol three years ago in a deal valued at $5.3 billion.

Today De Mol is chief creative officer of his own media development firm,
actively involved in scouting and producing show ideas. While his TV
production company continues to perform well, most of his recent success has
come from investment activities .

In 2001, the most recent year financial results of the company were
released, Endemol posted profits of $163 million on $987 million in revenue,
up 51% and 63% respectively....

............................................................

My comment;

de Mol made his fortune in the television production and distribution biz. He has to know that new applications like HDTV and video on demand are going to create huge growth in the demand for high quality long haul telecom services.

Broadwing has the highest quality network for those kinds of applications, and plenty of excess capacity to sell. Guessing he can see the growth in revenues and profits ahead at BWNG.

Hope he is right because that is why I'm invested!

The Global Crossing rumours started back when Broadwing announced the "Pacific and West" partnership deal with Hutchison telecom a few weeks ago.

That deal gave Broadwing network access to the Asia Pacific markets and everybody began to guess when, who, and how Broadwing would link up for the European markets.

The big enterprise customers that Broadwing targets are all global operations so they want their telecom service providers to offer and manage a "seamless" network. If Broadwing can partner on favorable terms(or merge with/acquire somebody's European network operation), they would eliminate the costs of paying somebody else to use those connections.

[eastunder]

I find it real interesting that the first PP was at 10 and the second was at 12. Too me that says someone didn't care if he paid more then the other...or maybe it's all the same group? And that was the plan to begin with.

Several things....who is this fellow?

Monday , March 20, 2006 15:40 ET

Boston, Mar 20, 2006 (MidnightTrader via COMTEX) -- Broadwing (BWNG) rises on news Dutch media mogul John de Mol now owns a 5.03% stake, according to a SEC filing.

The calculation was based on 76.17 million ordinary shares of BWNG outstanding as of Feb. 28, according to the filing. The document was jointly filed with the SEC on Friday by de Mol and his investment firms, Talpa Beheer BV and Talpa Capital BV. De Mol told the SEC he acquired the shares between $6.99 and $12.65 each during a 60-day period ending on March 8.

Price: 14.73, Change: +2.03, Percent Change: +15.98

And how does this benefit us in any way should it take place?

--Global Crossing Soars to new 52-Wk High on Rumor of Merger with Broadwing

Monday , March 20, 2006 15:43 ET

J

[Learning2vest]

Huber is raising cash(see news posted below).

Broadwing has ~$100 mil of cash on hand, a $75 mil credit facility, and just added another $70 mil in a private placement.

Wonder why? Is he planning to BUY a European network operation to complement the Hutchison partnership on the Asia/Pacific side?

The $1/4 billion cash he now has would make a nice down payment on something like that. Use debt to finance the balance, and BWNG would have a global network operation for just a 10% dilution.

.............................................................
Press Release Source: Broadwing Corporation

Broadwing Corporation Announces $74.0 Million Private Placement of Common
Stock

Monday March 13, 7:31 am ET

AUSTIN, Texas--(BUSINESS WIRE)--March 13, 2006--Broadwing Corporation
(NASDAQ: BWNG - News) today announced that it has entered into a definitive
agreement with certain institutional investors with respect to the private
placement of 7,400,000 shares of its common stock at a purchase price of
$10.00 per share, for gross proceeds of $74.0 million.

The net proceeds to Broadwing will be approximately $70.1 million. The
Company intends to use the net proceeds for general corporate purposes.

The shares of common stock have not been registered under the Securities Act
of 1933, as amended, and may not be offered or sold in the United States
absent a registration statement or exemption from registration.

This notice is issued pursuant to Rule 135c under the Securities Act of 1933
and shall not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful prior to the registration
or qualification under the securities laws of any such state.

[eastunder]

Scov,

Once they go above their targets I don't know what any of it means. I really don't get them to begin with! LOL

[ScovilleUnits]

Has Point & Figure blown a fuse from upside overload? I can't get it to make sense this afternoon.

And, ClearStation's STOCH graph looks like a boxed-in angry animal trying to eat it's way up thru the top. http://clearstation.etrade.com/cgi-bin/details?Symbol=bwng&Refer=http://clearstation.etrade.com/....

[eastunder]

Add on top of that...a nice fricking chart

[ScovilleUnits]

MAD MONEY RECAP

Scroll down about 3/4 for BWNG.
http://www.madmoneyrecap.com/daily_summary_030206.htm

BWNG also filed the 10-K today.

[Learning2vest]

Here is a fairly accurate transcript of Cramer's remarks about Broadwing on the March 2nd, '06 edition of the CNBC "Mad Money" show(sure looks like he opened some eyes):

"Under the Radar"

I've got a stock for you that's, frankly, broken so many hearts; lost so
many people so much money.

It's flatlined for so long that everybody's forgotten that they ever had any
potential. (the house of pain)

But this company has turned itself around. (house of pleasure) It's going to
make some people a lot of money.

and the stock, ladies and gentlemen, is Broadwing (BWNG).

I can't believe that Cramer just recommended Broadwing, and only Cramer
still cares about it; only Cramer wants this stock to make you money.

Let's go in the wayback machine - 5 years. Broadwing had a vision. It was a
vision for an all-optical network that could be used to transmit voice and
data everywhere!

Oh, what did these guys do at Broadwing? They spent a fortune building the
network. And then, the stock soared to $1000 (reverse-split adjusted).

Even if you've never heard of Broadwing, you know what happened next.
Naturally, Broadwing almost went bankrupt building the darn thing and the
stock sank all the way to $3 a share.

Just look at this chart (5.5 year chart shown), will ya? That is a chart of
heartbreak; that is a chart of head cut off; that is a veritable train
wreck!

Obviously, with a chart like that, I've hated this company for many years.
They were just building this network for years, and leaking money all over
the place. How could I, Cramer, like a stock like that?

But, you know what? Things change; things can get better.

Now, Broadwing is finally finished building their optical network. It's up
and running and Broadwing should have positive cash flow next year.

Already, the stock has $1.50 in cash per share, and it's only trading at $9,
give or take, but nobody seems to notice! Except for Cramer.

Broadwing is finally breaking out, and the only people who know that are the
people who work there, and Cramer!

Even the worst, most broken company, can still turn itself around, and you
can catch that turnaround, as long as you know what to look for.

I think Broadwing is now a HUGE BUY!! You cannot allow yourself to become
inflexible just because the stock came screamin' down 1000 points, and then
flatlined for a few years. You become inflexible - you miss opportunities,
and opportunity is what this game is all about.

I think you want some cold, hard evidence before you pronounce something as
broken as the Broadwing to be alive and kicking.

The positive cash flow is good; cash on hand is good. But that's far, far
from enough. Okay, so they're done with their optical network. You still
need more than that before you pull the trigger on something as decimated as
Broadwing.

You can really see the turnaround happening in the numbers. For the 4th
straight quarter, Broadwing improved their cash flow burn rate, so they're
eating much less money. Last quarter was the first quarter in 5 years where
the earnings before interest, tax and depreciation (EBITDA), the first time
that it has EVER!! broke even.

Broadwing just made their last convertible debt payment, and now the stock
is almost debt-free.

If you want to know why the stock has already gone from $4 bucks to almost
$9 and change in the past 10 months - all of that great stuff is why.

But I wasn't going to recommend Broadwing because they burned less cash over
3 quarters. Hey, that's damning with faint praise. I needed more weight
behind the evidence before I was going to put my neck out on the line.

But now the numbers add up. With $1.50 in cash per share, the company can go
through 10 quarters burning money at the present rate, but they'll be free
cash flow positive within the next year. So it looks like they're kind of
set with the moolah.

Their voice revenues are down, but their data and broadband group grew 15%
last quarter. Broadwing has been seeing increased enterprise demand for its
product because they spent a fortune building this best-in-class optical
network. They almost went under but, pretty soon, Broadwing should be
getting out of the red. That is amazing; I can't believe it myself.

The bottom line!: I think you should be flexible and buy some Broadwing! And
I need you to do it now before everybody else starts yapping their darn fool
heads off about the turnaround, and you will realize that missed the
boat!("mo back", load up the truck "Buy, Buy Buy" on BWNG)

[kron7777]

Cramer now likes the stock.
Couple that with 6 mln shares short and you have a perfect storm brewing.

[pitbull74]

$20 in 06' -pit

[ScovilleUnits]

8-K

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3993186

[ScovilleUnits]

[ScovilleUnits]

<<My objective is to buy when the charts are saying "stay away" and to sell when those charts are still screaming "ever higher".>>

And? Talk to us Hoss! What pps might be screaming? Hard to know till those parisites start nibbling on your hind quarters. Another stated to short at at 9.25 yet BWNG tasted 10. Sometime those nibbles are nothing but bedbugs. Wait, that's another matter...I need to vacuum and dust my place. In any event, do you have a target buy in mind?

(Again, thanks for busting this Ihub message board open. I hope you will continue to post. I hope many more will as well)

GLTA

[ScovilleUnits]

Anyone take "Next Inning"?

And if so, would you...could you...copy/paste what they had to say about BWNG?

http://www.knobias.com/individual/public/quote.htm
---------------------------------------------------------

Next Inning Technology Research Updates Outlooks on Vitesse, Broadwing, Brightpoint, and Intel

Thursday , February 09, 2006 10:18 ET

PRINCETON, N.J., Feb 09, 2006 /PRNewswire via COMTEX/ -- Next Inning Technology Research (http://www.nextinning.com), a subscription service focused on semiconductor and technology stocks, announced that it has published reports updating its outlooks on Vitesse (Nasdaq: VTSS), Broadwing (Nasdaq: BWNG), Brightpoint (Nasdaq: CELL), and Intel (Nasdaq: INTC).

[kron7777]

I don't think Huber wants a buyout. Not at these prices anyway.
So I don't put too much thinking about why he mentioned that number. Maybe he wanted to brag. Or he wanted to enlighten Wall Street as to how undervalued the stock is (looks like someone paid attention). Or maybe he had nothing else to say.
It doesn't matter.
You will hear that nobody cares about replacement values and it is market that decides what it worths. The problem with this argument is that market is irrational: the same network was worth $100 mln two years ago and will be worth $10B if people realize there is so much capacity and the demand is unlimited.
Take oil for example: say you owned an oil fields with 1 billion barrels of oil underground with cost of extraction of $10. It is year 2000 and oil is trading at $10. So you won't make any profits if you start pumping. And all the talking heads tell you that oil is never going to trade above $12. Market would value those fields at , say, $2B. Fast forward 5 years: oil is at $60 and all the same talking heads predict it will only go up. So market values the same fields at $60B.
Same with Broadwing. It was impossible to make money up until now so the network was worth a little. If the demand exploads (and it will) , prices will improve and the network will be a money making monster machine.

Also you might hear that equipment is cheap now and if someone want to build the same network it will costs only $200 mln.
What they don't realize that expertise is priceless. They invested millions of hours to fine tune the network and make it the most efficient one. Yes, the equipment might cost $200 mln, but the performance of such network won't be cost effective and problems will occur constantly. And after they spend $200 mln for equipment and installation and $5 bln for millions and millions of hours of work to make it work, they will have the same network. Like buying an old car for $500 and then spending every weekend fixing it.

I don't know percentages of lit fiber, but it is very high. Highest in the industry. So if they need to provide extra badnwidth , they won't have to lit anything for some time.

I think that 4% you mentioned is not percentage of lit fiber, but percentage of utilization of the network. Maybe it is 10% now, I dunno. They can increase revenues by 1000% and most of that money will go directly to the bottom line. You can calculate what the share price will be if that happens.
I can give you a hint: if they grow revenues by 100%, they will be earning some $300-500 mln a year. $5-8 per share. Which will translate into $200-$300 share price.
And if they will grow revenues by 15% annually, it is just 5 years away.

[Learning2vest]

eastunder,

Good chance the "urban legend" you are thinking about involved Cisco offering to buy the Corvis equipment biz for mega bucks way back when. Who knows if there was any substance to that story? Whatever,... things have changed. Corvis has morphed into a telecom carrier operator called Broadwing that appears to be kicking some serious butt with it's all optical Corvis powered network.

Every other carrier, and anybody who wants to be one, has to be a potential buyer the way I see things. Top class broadband communications services based on leading edge tech are just beginning to become supply constrained as high value new applications requiring their capabilities emerge and drive demand. Distribution of live HD TV sports is one recent example, and high security private networks for business enterprises and govt agencies are another. Valuations go up when that happens, and Broadwing certainly appears to be out front with the "right stuff" for what the telecom future holds.

Let's see what the 4th qtr numbers and management have to say when Broadwing reports on Feb 23rd. IMO Doc Huber has no interest in selling his Broadwing project to anybody at any proce right now. I think it's more likely that he will be the one who buys somebody else and drives ahead to create a global network offering superior services at premium prices.

Re charts - Gotta confess that all this nitwit can see on charts is where "the market" has BEEN. IMHO charts are a great way to see how you are doing against the "opposition". My objective is to "buy low" and "sell high". Best I can understand, it is the same "market" that is painting those charts that I have to beat in order to do that, so you better know that I watch them. It's what I do in spite of them that butters my bread!

Buying BWNG last summer when the charts screamed "DOOM!" was just one example of what I'm saying. Fundamentals point the way, and charts help call the timing in my game. My objective is to buy when the charts are saying "stay away" and to sell when those charts are still screaming "ever higher".

[eastunder]

BTW, L2V

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=bwng,uu[m,a]daclyyay[pb9!b14][v...

Even though we have a drop going on today, a correction to 9.31 or 9.05 would seem pretty normal to me. We have been doing those corrections to the 9 dma several times on this trend as one can see here.

Once those break however...I'll be squawking a different story. :)

I'm sorry...I hope this chart nonsense doesn't offend you. It's the most I can offer right now. If you would rather I don't please let me know.

J

[eastunder]

L2V,

Lets take this one step further in our thinking. If we were to be bought out by a company... who would that most likely be? or What company would be a good merge candidate? Seems to me that there was some "urban legend" rumor going on way back before the reverse split on what companies would make a grab for CORV, but I can't remember who was in that thought pattern.

I have owned CORV/BWNG for some time. Most the older shares have been traded out of but I still own the final set of shares I bought on 4/4/05. At this point, I have paid little attention to the company and focused only on the stock patterns.(charts)Sometimes you find something that just works and that becomes the focus but you lose track of what else is going on.

All of what you talk about are potential catalysts and it's probably time to pay a little more attention.I'm going to have to read up on a lot to even catch up with you so please bear with me as I "go back to school".

Eastunder. Not an Aussie lol... just a play on a name is all.

[Learning2vest]

eastunder(Sydney?),

My first thought after hearing Doc Huber declare his estimate of a $5.5 bil "replacement value" on Broadwing was that he was communicating his "minimum bid" requirement for anybody interested in opening a serious "buy out" negotiation.

After noodling on things awhile, my conviction moved on to consideration of another possibility, something that would actually ride incognito on that first assumption.

Huber has gotten away with playing "outside the general rules" in a lot of ways, but undervaluing and over-depreciating the Broadwing assets could become a drag if he needs to "pony up" for a big loan at reasonable rates.

What to do? Well, putting a bigger number out there can't hurt IMO. I think he was seeking to do a couple of things that would play well in his game. Nudge the BWNG share value closer to reality and clarify the true asset value at the same time.

Those comments are from a "loan value" perspective. My very limited experience leads me to think that the stock market's valuation of an equity works in many very different and mysterious ways. The P/E trend is a good place to start, but things seem to go off in every direction from there.

You asked about available "unlit" capacity to sell, but all this interested observer can say is that there appears to be plenty of high margin incremental revenue potential ahead at Broadwing. How much, I have no clue.

One "common sense" thought that I had after watching streets get torn up to bury fiber just about everywhere in recent years was, "If somebody is spending the money to rip up every Main Street around the globe, I sure hope they are stuffing all the fiber optic cable they will EVER need down into those ugly ditches before covering them over."

Seeing a few dimwit yokels acting out their version of the "Wall Street Analyst" role by attempting to use the percent of that fiber utilized to say anything else just registers "Tilt!, Dip Stick" on my feeble mind.

There is plenty of excess capacity in the ground IMO.

[eastunder]

L2V,

I like your thinking. Get's me thinking.

At the Needham conference last month Broadwing's CEO Doc Huber publicly declared for the first time that his estimate of a reasonable "replacement value" for the company's network is $5.5 billion(that works out to be something like $75/share!). Then he went on to say that the Broadwing network is "top class fiber and equipment in "pristeen" condition,... the ONLY network capable of delivering the kind of telecom services customers want and need today."

Explain that. What does he mean by "replacement value"? That to me speaks of a buyout. And can we corrolate replacement value to an asummed pps thru a mathmatical equation? Is that often done to get an estimated pps? I'm a little confused here, so please forgive me and try to explain that to someone who is a little dim in a way she can understand. :)

I know, although it was quite some time ago, that out of all the layed fiber, only about 4% was lit. How does that fit into the whole picture? Is this fiber that has been placed and not in service or fiber that needs to be layed? Or am I thinking of the wrong thing?

J

[ScovilleUnits]

I like your Dots!!

[ScovilleUnits]

Not sure how current?

But, NASDAQ indicates Institutional Holding is actually up 3mil while Insider Holding is down a bit (last 3-mths).

http://www.nasdaq.com/asp/Holdings.asp?mode=&kind=&symbol=BWNG&symbol=&symbol=&s....

[eastunder]

Another thing Scov,

I like the chart but when comparing levels I like to actually see the levels we are approaching or have passed. You can't see those on the only other option on that chart service which is a five year. A three year will show you some better info...for instance 10.20 being a point we need to get above and eight something being a point we could drop back down to.

As for the fundamentals, I pull mine off of the Dailygraphs thru Investors business daily where it is all consolidated onto one page. I do show we have been dropping the number of funds that own BWNG ( can you confirm that?)

I'm not sure what to expect come the 23rd with earnings...we do have a pretty large number to beat in sales this Q(from year over)...plus we have been negative on our EPS and will remain so for quite some time, so what can surprise the market and give us a greater boost? It's up a great percentage from it's lows.

[Learning2vest]

If we play "connect the dots", my personal theory after seeing Doc Huber resign his Broadwing CEO position goes something like the following:

* We have seen several top execs depart Broadwing and not be replaced recently. The departures of Jim Bannetine, president of the product division and John Mcleod, COO of Broadwing make Huber's departure from the CEO position just the most recent. The key point is that there are LOT's of vacant offices on the "top deck" at Broadwing right now. Hold that thought.

* We know that Broadwing opened a $75 million line of credit last October(was that just "opening an account" for what Huber really intends to ask for in the future?), and also that the firm will extinquish all current debts later this month.

* The trendlines in all of Broadwing's fundamentals point to the firm being very close to reporting positive EBITDA, followed by net profits, and then positive cash flow in the next few quarters. Top line revenues are growing as costs come down and capex appears to be under control. Net bottom line of that scenario: Broadwing had some mighty strong credit credentials coming into focus right now.

* Broadwing just announced a MAJOR partnership agreement with Hutchison Global to effectively link Broadwing with all points "Pacific and West" including China and the Pacific Rim(Yowser! We hear a lot of talk about "making a China connection". Well,... it's gonna be mighty tough to do that any better than what Broadwing just put in place).

* With network partnerships in place for Canada, South America, and now "Pacific West", we can be absolutely certain that Broadwing is well down the path to selecting, merging with, or acquiring an "Atlantic East" network extention. (Hold that thought for just a moment)

* At the Needham conference last month Broadwing's CEO Doc Huber publicly declared for the first time that his estimate of a reasonable "replacement value" for the company's network is $5.5 billion(that works out to be something like $75/share!). Then he went on to say that the Broadwing network is "top class fiber and equipment in "pristeen" condition,... the ONLY network capable of delivering the kind of telecom services customers want and need today."

There is no question that was a heck of sales pitch,... but which audience was our fearless leader leader talking to? Was it just the investment community sitting in front of him,... the telecom big boys with pockets deep enough to pay his "asking price" in a buyout, OR,....was it directed toward the big lenders he might be courting to finance his next acquistion?

Time to connect the "dots" and declare your answer.

I'll go first. My bet is Doc Huber was pitching to the LENDERS at the Needham conference because he needs them to finance his next Broadwing acquistion. I think there is a good chance Doc Huber wants to BUY/MERGE Broadwing with an "Atlantic and East" network operator that has the "right stuff" to fill out his global network vision.

I'm guessing that Huber has opened up all of those "top deck" offices at Broadwing to accommodate the key executives at an "Atlantic and East" partner that he is currently courting. Stand by for what comes next. The 4th qtr results on Feb 23rd, annoucement of another major acquistion, or something else. Whatever, it's not going to be boring around here in the coming months.

[eastunder]

Hey. Kinda nice to see a BWNG board. That "other" one is driving me nuts. Can hardly stomach it any more.

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=bwng,uu[m,a]daclyyay[pb10!b20][...

See where we came down to mid point way back when? Between Oct and Nov? That -50 point right at the dotted line? That would be a nice area to get us out of that oversold position and I think we will see some type of correction like that on the oversold/overbought indicators?

Currently We seem to correct to the nine day which is why I used that mda for that chart. That's at 9.16 number and in my opinion should be watched for breachment (is there such a word?)...until then no worries Scov.

But you know I feel that way.

[ScovilleUnits]

Thanks for posting Learning2vest.

Nice to see a message board here. Hopefully others will post as well and, those one heck of a lot smarter than myself...!!!

To back up above let me start by saying I'm not a "chartist" yet my question/concerns lie in speculation of what those that are will do? Take ClearStation's chart for example (link below) on the last graph stoch. If right, looks to be overbought for just a little while now. Will it break on thru to another level or ???

http://clearstation.etrade.com/cgi-bin/details?Symbol=bwng&Refer=http://clearstation.etrade.com/...

Thanks again for busting the board open. Hopefully BWNG will continue to bust open new highs as well.

GLTA...Scov.

[Learning2vest]

Got interested in something called "Corvis" before it was launched as an over hyped "CORV" IPO right in the middle of that crazy late 90's market bubble. Watched in amazement from the sidelines as the CORV valuation blasted up, up, and away in the days after that IPO(to what would be ~$1,000/share on the BWNG we can buy today!). That was then, and a whole lot of water has gone under the bridge since then.

The "all optical" tech breakthru that Corvis pioneered back then is STILL leading edge, and the firm has morphed into a vertically integrated equipment developer/network operator by acquiring one of the few customers to buy and install that new "OOO" gear.

Corvis bought out the Broadwing network built by Cinncinatti Bell, and took that name when the transaction closed. Other acquistions to complement that network have followed, along with what amounted to an effective 1 for 10 reverse split.

The most compelling thing about BWNG today is where the fundamentals appear to be headed. It has been growing revenues and reducing costs for 8 straight quarters producing an EBITDA trend that should turn net positive very soon. In addition, BWNG has been downsizing overhead and depreciating it's assets so fast that that very little is left to write off against future revenues, AND,...the company will be DEBT FREE on Feb 20, 2006!

That is pretty amazing when we consider the CEO's recent comments saying that he estimates the replacement cost on BWNG's network at $5.5 billion(i.e., about $75/share).

That scenario sounds way too good to be true, so I'm opening this discussion to see what, if anything, others have to say.