This is it. Sprint is getting ready for a sale. Look at subscriber trends of Nextel prior to sprint purchase, affiliate subscriber trends prior to sprint purchase, Nextel partners subscriber trends before Sprint purchase.
In all cases you will see significant credit loosening and loading of sub prime subs right before the announcement of a merger. Hard to ignore. I reccommend buy.
I can tell you why I bought and it wasnt because it was under $5 in fact I hate stocks under $5 too many small timers involved who blow with wind. I bought 1) 4G system, i feel will be very big going forward (I also bought supplier) 2) they have paid down a large chunk of debt 3) I believe they have some of the best plans on the market but service could be better, 4) least likely that a buy out will come about
Darn, I missed that one. Yet another company trying to buy Sprint. You'd think that with all these potential buyers the stock price would be in the $ 50's. Oh, wait it's under $ 4.00. Hmmm, I wonder what that means - no buyers in reality?
According the pundits on this board Sprint is always just about to be bought out by Comcast, Time Warner, Disney, ESPN, DT, Verizon, Apple, Google, BT, the Government, Amazon, Bernie Maddoff, Dollar Tree, Uncle Phil, and a hundred others.
Face it, no one will buy Sprint as long as they keep loosing subscribers and the stock continues to waffle around $ 3.00. You don't think that is what Hesse has been trying to do since he was hired? No success so far, what has changed that makes it more likely now then 2 years ago??