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What: This has to be getting tiresome. After big declines in June, July, and August, shares of Clearwire
So what: Like a climber stuck in an avalanche, investors sold on fears that fresh commitments to Apple could leave Sprint unable to provide additional financing to cash-strapped Clearwire.
Now what: It's a fair concern. The WiMAX specialist's debt is virtually equal to equity and 50% of total capital as of this writing, a structural weakness that begs for help that Sprint isn't in a position to provide. Do you agree? Would you buy shares of Clearwire at current prices? Please weigh in using the comments box below.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He owned shares of Apple at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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