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Sprint Corporation Message Board

  • billbrittain3 billbrittain3 Apr 21, 2012 3:20 PM Flag

    S & Earnings

    On Wednesday, April 25th, before the bell, Sprint will announce 4th quarter earnings. I have a lot riding on the stock price after the earnings are announced. I own a great deal of May 2.5 Calls (and the stock) and not only have I watched their price plummet, I have bought more. (I know better than to buy when the stock price is going down, but I did it anyway.)

    In all honesty, I am apprehensive about what will happen next week. I never expected to see S go from $2.90+ to under $2.40. I still believe in the stock but the short term prospects are another issue. Fortunately, I realize that where there is a big gain to be made, there is also a large risk.

    I AWAIT NEXT WEDNESDAY !! (As I'm sure many of us do....)

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    • Today the market will open well down. What will happen with S? Earnings will be announced on Wednesday (before the bell) and between now and then there will be anticipation of what those earnings will be, and what the future guidance will be.

      I am cautiously optimisic about S. For once, IT'S not ALL ABOUT PERCEPTION. It's all about earnings....

      It really is about time for S to reverse its recent slide !!

    • Hello Bill,

      This sell off is expected and you need to hang tight.

      My take is they are shaking the weak hands and will take this higher after wednesday.

      Iphone and Network Vision will basically push sprint on relative value of T &VZ.

      Remember T is at 175n market cap and S at 7.

    • Well, here we go. First quarter earnings will be announced on Wednesday (before the bell) and S will trade Monday and Tuesday before earnings are announced. Based on the last two weeks I am anything but super confident. I still like S and have hope that earnings will turn around the slide in price.

      IT'S ALL ABOUT PERCEPTION... (and this weak - EARNINGS !!)

      • 1 Reply to billbrittain3
      • Billbritain3:

        "Based on the last two weeks I am anything but super confident. I still like S and have hope that earnings will turn around the slide in price."

        Unfortunately, it appears that some NY firms knew the AG was about to file the lawsuit against Sprint. They took the opportunity to unload. Now that the bad news is over, look for the price to rise as they scramble back in. Quite a killing made in trading the stock (and the options as well).

        BTW, where else can you buy a huge cellular firm for $7.5 Billion?

        New Merc

 
S
8.00+0.36(+4.71%)Jul 29 4:02 PMEDT

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