got in yesterday. Hopefully I can buy some more today before LEAP leaps again. How long can LEAP stay independant with what is going on in this industry? Who is left besides LEAP to complete one of the major's business model?
Sprint (NYSE:S), with an otherwise strong year to date, has tumbled since the news. If the merger goes through, the company is likely to be worse for the wear. The stock was downgraded to “Underperform” by Robert W. Baird, with a price target of $3. If Sprint wants to grow through merger, it will either be forced to try and buy a much larger T-Mobile, or gobble up a smaller carrier like Leap Wireless (NASDAQ:LEAP). Leap, by the way, also crashing on October 4.