BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

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Calix (CALX) has benefited from an increase in small broadband service providers adopting the Company’s software solutions during a time when people were staying at home, but those trends are now changing. Service providers are reporting a slowdown in broadband customers as the industry begins to experience some of the cyclicality that has usually been present each year.</li></ul> <ul type="disc"><li>In the last two weeks Comcast Corp. (CMCSA) and Altice USA (ATUS) have reported a decline in broadband subscribers. The larger service providers might be reporting what the smaller service providers were already going through this year. We believe these smaller customers are more likely to change their spending habits quickly than commit to spending money when subscriber trends change.</li></ul> <ul type="disc"><li>During the June quarter of this year, service providers were reporting an increase in subscribers and were painting a generally positive picture for the rest of the year. Since then, there has been a change in consumer habits. There are fewer people who need to purchase a subscription for back to school since they are already a customer thanks to either cord cutting or staying home because of COVID-19.</li></ul>


Calix (CALX) has benefited from an increase in small broadband service providers adopting the Company’s software solutions during a time when people were staying at home, but those trends are now changing. Service providers are reporting a slowdown in broadband customers as the industry begins to experience some of the cyclicality that has usually been present each year. In the last two weeks Comcast Corp. (CMCSA) and Altice USA (ATUS) have reported a decline in broadband subscribers. The larger service providers might be reporting what the smaller service providers were already going through this year. We believe these smaller customers are more likely to change their spending habits quickly than commit to spending money when subscriber trends change. During the June quarter of this year, service providers were reporting an increase in subscribers and were painting a generally positive picture for the rest of the year. Since then, there has been a change in consumer habits. There are fewer people who need to purchase a subscription for back to school since they are already a customer thanks to either cord cutting or staying home because of COVID-19.

Calix Inc

CALX: Risk of Throttling Growth