STRP

Straight Path Communications Inc

TMT, Event Driven/Special Sit


Presented:07/09/2015
Price:$31.87
Cap:$0.41B
Current Price:$183.37
Cap:$2.34B

Presented

Date07/09/2015
Price$31.87
Market Cap$0.41B
Ent Value$0.39B
P/E Ratio85.7x
Book Value$1.62
Div YieldN/A
Shares O/S12.76M
Ave Daily Vol150,000
Short Int16.66%

Current

Price$183.37
Market Cap$2.34B
Straight Path Communications Inc., through its subsidiaries, holds, leases, and markets fixed wireless spectrum licenses in the United States. Its licenses include approximately 828 licenses of 39 gigahertz, as well as 133 licenses in the local multipoint distribution service band. The company provides point-to-point and point-to-multipoint wireless broadband digital telecommunications services to Internet service and telecommunications providers, as well as other companies. Its spectrum is primarily used to offer backhaul services for existing wireless Internet service providers; and for mobile network operators. The company also holds intellectual property primarily related to communications over the Internet, and the licensing and other businesses related to the intellectual property. It principally owns 11 patents, which are related to various communications technologies, including patents facilitating the use of communications over the Internet; and a non-sublicensable, non-exclusive right in source code for peer to peer calling applications. Straight Path Communications Inc. was founded in 2013 and is headquartered in Glen Allen, Virginia.

Publicly traded companies mentioned herein: Intel Corp (INTC), Qualcomm Inc (QCOM), Samsung Electronics Co Ltd (005930 KS), Sprint Corp (S), Straight Path Communications Inc (STRP)

Highlights

The presenter is long shares of Straight Path Communications (STRP), citing momentous upside from its spectrum portfolio in the 28 GHz and 39 GHz frequencies. A combination of spectrum scarcity in commonly utilized bands, rollout of 5G technology, and increased demand for data could see a dramatic increase in STRP’s valuation.

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Idea Discussion

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