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Clearwire Corporation (CLWRD) Message Board

  • carrollcountryman02 carrollcountryman02 Mar 28, 2013 6:44 PM Flag

    what take Sprints money when they have 700 million in cash? fraud?


    something is definitely going on here and the class action will expose the truth.

    Sentiment: Buy

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    • Hardly: Some here rightly mention that a large portion of Softbank's acquisition price for Sprint will pay down the excessive debt that cobbles financial flexibility and raises the cost of capital vs. competitors and, of course, to pay off current Sprint investors... some of whom are likely to have tired of investing in the dog over the past few years and want to cash out. Others have said Sprint-CW will only get about $5 billion in capital that isn't used for the above. Money seems to be relative... a few years ago, $35 billion plus lots thrown in afterwards was not too high a price to have paid for Nextel Netwrecks, er Networks. Now a measly few hundred million is enough to enable a competitive threat to well entrenched, proven operators? If anything, one could argue that a primary challenge going forward will be that despite Softbank's large sums of money it will prove, once again, to not be enough.