Straight Path Communications Inc. (STRP)

[Lowcountry15]

Short term swings are irrelevant. Market is waiting on FCC to finalize the investigation (see 8k filings). Recent FCC NPRM comments by leading wireless companies point to the value of 39GHz in the commercialization of the still to be defined 5G. FCC rule making has allowed STRP to now have contiguous holdings (something Kerrisdale thought VERY unlikely). Even if mmwave spectrum trades at 270 times less than current wireless spectrum, STRP should be worth more than 2.5b or > $200 pps. STRP is the only publicly traded company that allows institutional investors (and retail) the opportunity to invest in the potential value of mmwave spectrum and 5G backhaul.