Today CNBC mentioned BWNG as a potential telecom takeover target. So far we have seen a good year from what has amounted to a mini-boom in telecom M&A. There is no doubt that there have been several buyouts causing some telcom merger mania. Big telco companies are positioning themselves now into fiber optic to help with their high demand for media and broadband services and don't want to get left behind. Suitors: Verizon? AT&T? Comcast? Hutchison Telecommunications? Also, by not having a CEO to replace Dr. Huber makes BWNG a more appealing acquisition. The recent CIBC upgrade with a target of $18.00 doesn't hurt either.
We will have to wait and see.
