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Sprint Corporation Message Board

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  • bjspokanimal bjspokanimal Oct 10, 2011 8:10 PM Flag

    Sprint Is Now in a Irreversable Vortex

    ... they aren't going to have the dough to redeem them if they're spending every penny they have on duplicating Clearwire's POPS...

    ... which means not only is their future B- credit rating going to drive the cost of their new junk bonds over 12% interest expense...

    ... it also means that their existing 7% bonds that mature next year will have to be rolled-over at 12% as well... if they can even find buyers in this market.

    The interest costs alone will eliminate their ability to compete with Verizon with discounted subscriptions. Sprint could likely be carrying as much as $25 billion in junk-bond debt 2 years from today and like Greece, they could be issuing debt just to cover interest on the debt.

    Even today, how many years has it been since sprint last made a profit?

    S

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