Clearwire (NASDAQ:CLWR) Investor Crest Financial Seeks to Block Sprint Nextel (S) Takeover – CLWR, S, CMCSA, PCS

The Bellevue, Washington-based Clearwire Corporation (NASDAQ:CLWR) investor Crest Financial will ask the Federal Communications Commission to halt Sprint Nextel Corporation’s (NYSE:S) takeover of the company, in addition to a separate agreement between Sprint and Softbank Corp, mentioning they undermine the value of Clearwire’s airwaves.

General counsel for Houston-based Crest Financial David Schumacher reported on a conference call with reporters on Friday that the company aims to file its complaint with the Federal Communications Commission before the Jan 28 comment deadline on the two transactions.

David Schumacher further stated that the low price Sprint is getting for Clearwire’s spectrum could damage the value of other airwaves, making it an alarm for the FCC.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Sprint Nextel Corporation (NYSE:S) rose +1.72% to settle at $5.92, Comcast Corporation (NASDAQ:CMCSA) moved down -0.05% to end at $38.07 while MetroPCS Communications Inc (NYSE:PCS) jumped +1.04% to finish at $9.73 on Friday.

Clearwire Corporation (NASDAQ:CLWR) last session’s volume of 3.92 million shares was lower than its average volume of 27.23 million shares. The stock after opening at $2.88 hit high price of $2.90 and then closed at $2.88 by no change for the day.

CLWR generated revenue of $1.32 billion in the previous twelve months and earned -$602.58 million. The Company showed a negative -148.69% in the net profit margin as well as in its operating margin which remained at -113.98%. Company’s annual sales growth for the past five years was 65.75%.

The CLWR’s past twelve months’ price to sales ratio was 3.21 and price to cash ratio remained 3.56. As far as the returns are concerned, CLWR’s return on equity was recorded as -65.33% and return on investment decreased -32.92% while its return on asset stayed at -23.13%.

The stock showed monthly upbeat performance of 16.60%. Likewise the positive performance for the quarter was recorded as 111.76% and for the year was 44.00% while the YTD performance remained at -0.35%.

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