Dec. 3 at 6:27 PM
$CLFD The BEAD program: My best understanding
A state get their final proposal approved..EX:
$1B ..then a ISP will be awarded a contract for an area of, let say,
$200M. BEAD will put up 75% of the
$150M and the ISP will put 25% or
$50M
Also States being awarded
$1B, doesn't mean they spend all the $... they need companies to step up with $ and commitment for that area of the state.
So this program has great potential...but things will have to be worked out and that takes some time. We have finally had the govt part moving forward after a 12 month delay. It is why CLFD mgmt tends to be conservative...they really don't know the timing of the rollout.
Short term investors will be frustrated....but longer term this stock will be fun.Good luck to all
