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Sprint Corporation Message Board

  • ebitda_ddy ebitda_ddy Nov 2, 2009 7:23 PM Flag

    For the Longs

    The Stock is currently in the cellar, being smashed down by shorts etc., running counter-intuitive to any valuation logic.

    You were right to buy/hold the stock now. Put the certificates in your sock draw and revisit the Ticker in 3 months.

    Having been a C-level exec at a recent successful NASDAQ company turnaround, I know that these are the darkest days, even for Hesse and certainly the loyal shareholders, however, there is absolutely nothing you can do until the shorts have left.

    Just put the certificates under your socks in you sock drawer...and turn the TV on...and watch some ball.

    I would have suggested you put the certificates under your shorts...but.....

    EBITDADDY

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    • My advice: Go short, stay short, or stay away! Far away! LOL Forget EBITDA or OIBTDA, which are metrics that may appeal to S's bondholders, as they worry about S's ability to cover its interest and one day pay them back their principal.

      Instead, for you stockholders out there, remember that net profit after tax aka earning's, not cash flow is what drives the stock price, and, Sprint has no net profit! Ergo, since Sprint has ZERO profit, the stock is worthless. Your only hope is to have them liquidate so you can collect the ostensibly chimerical book value that has been pumped up via intangible assets. Hopefully, you can find a greater fool to sell to. I have not been and will not be one of those greater fools. LOL But I do enjoy reading the boondogglers' and pumpers' posts, and being entertained and amused by those who tout their stock picking prowess by pumping S even as its stock price sinks lower and lower. To those who really believe in S, take out a home equity loan and bet the house on Sprint, open a margin account and go long, buy a boat load of calls and ...pray! LOL That is if you really believe what you are saying. LOL Put up or shut up. Put your money where your mouth is. Or whatever money you have left after having your wallet vacuumed by this company. LOL

      I would also focus on S's ROE and its Cost of Capital -the interest that S pays to finance itself-. Sprint historically destroys capital, as evidenced by its abysmally low ROE (less than 4%), which is lower than its Cost of Capital (greater than 8.5%). That cannot continue forever. Eventually they will run out of fools to finance their charade. Or they will require greater returns on their bonds, which will not bode well for the stockholders as the bondholders' returns will be at the expense of the stockholders. Of course, S stockholders are probably used to this by now. They just didn't know why they were gettin' their butts whooped. Now they know. Same BOD, same sad results. LOL Insanity is anyone who invests in S and expects a different result other than what they have already gotten...a financial hurtin'. Ouch! LOL

      Behold I am Shiva, the destroyer of wealth, my other name is Sprint. hahahahahaha If you bought me, you lost and you lose!

    • I totaly agree with you. This stock will grow into something by next year.Shorts are assuming more risk as the price of the stock reaches its 52 wk low; at some point this will reverse.

 
S
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