Matthew Dow
Small-cap, value, long only, growth at reasonable price

DragonWave: After Years Of Disappointment, Big Upside Potential In 2014

DragonWave (NASDAQ:DRWI), founded in 2000, is a small-cap Canadian company in the telecommunications equipment industry. The company is listed both in Toronto (under ticker DWI) and on the NASDAQ. For prospective investors, both listings have sufficient liquidity to build a position.

When taking a first look at DragonWave, perhaps the first word that comes to mind is disappointment. To say that this company has had a rough go of it over the past several years would probably be an understatement. Like many companies which operate in the microwave backhaul market, DragonWave has gone through severe struggles as capex spending on LTE 4G network roll-outs has been slow recently. This coupled with several company-specific issues, including overreliance on a...

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