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Sprint Corporation Message Board

  • vladsaar vladsaar Oct 16, 2009 3:37 PM Flag

    Charles Hall (Controller\Principal Accounting) resigning

    causing drop in S shares price .... on options expiration day, how nice if him!

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    • Yeah.....I guess we'll see.I just traded over into Sprint from MGM.Made enough from MGM.....but wanted to get into Sprint for a while.It sure feels like S is undervalued and wouldn't be surprised if they were taken over in some form.
      Anyways, great long term hold...IMO.

      glta, deej

    • Oh I can hear the jabbering at the next CC now. Well, err ahh it seems errr ahh that there have been some errors made in our accounting and reporting. Those crappy numbers we've reported are actually far worse. But we've corrected it by firing the controller. The rest of us didn't have a clue what he was doing"

      Translation, "I'll cook your friggen books for the 9 months they're unaudited, but if you haven't gotten back on track and honest by the end of the 3rd qtr my ass is out of here. Let someone else take the hit when we have to come clean in Q4".

      It doesn't get better than this. Only question is if Dan will come clean this qtr or stall until next.

      • 1 Reply to loclac
      • " 'Well, err ahh it seems errr ahh that there have been some errors made in our accounting and reporting. Those crappy numbers we've reported are actually far worse. But we've corrected it by firing the controller. The rest of us didn't have a clue what he was doing' "

        "...Translation, "I'll cook your friggen books for the 9 months they're unaudited..."

        GAWD help us all - I had the SAME THOUGHT! I've become increasingly convinced that Sprint's REALLY nothing more than a (legal!) pyramid scheme - and they were REALLY GOOD at it (the ONLY thing they appeared to handle with panache!), but, "cooking the books?"

        Look for bump in share prices of T, VZ, DT should this have merit! INSTANTLY renders, "anti-trust" MOOT!

    • WOW! THAT was quick! He's only been in that job since February!

      ANYWAY, the resignation of just one of Sprint's ~20 "Senior Vice Presidents" is NOT going to impact the share price! They've lost really GOOD folks before (John Garcia springs to mind) without experiencing any impact on the bottom line!

 
S
7.35-0.41(-5.28%)Jul 31 4:01 PMEDT

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