Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.
Airspan Networks (NASDAQ: AIRN) is the favorite speculative idea for 2007 from Nikhil Hutheesing. The editor of The Forbes Wireless Stock Watch explains, "It's clear that over the course of 2007 and into 2008, WiMax (a high-speed next generation wireless network) will become a big story for wireless stocks.
"Investors should consider investing in some potentially exciting WiMax companies now, before hype and WiMax rollouts drive stock prices up. One way is to buy shares of Airspan Networks, a company that makes equipment for these networks.
"Shares of the Boca Raton, FL-based company have fallen about 60% since April of this year because of uncertainty in orders from two customers. One is Yozan, a Japanese wireless carrier that was the first to provide WiMax service in Japan. The other is Axtel, a Mexican telecom operator.
AT&T's Meandering Should End Soon
Closing Bell: Does The Market Ever Drop? (TSL, PALM, FDX, NKE, TEVA)
Research In Motion Is in Recovery Mode
