That explains why Hesse is giving up the farm.
Berchik said the earnings would be stellar?
Postpaid sub losses and cash burn is accelerating.
Negative FCF on a nearly $2B/yr pace
Subscriber losses on a 1.69M/yr pace
The lost subscribers were mostly from Nextel. They're moving over to Sprint.
I sold my entire position this morning - I decided 110% profit was enough & didn't want to get greedy & lose it.