Such utter foolishness!
Again, you guys are not understanding the extreme damage of low share prices.
It would be laughable to try to save a buck when the unintended consequence is bankruptcy.
Think about the small saving compared to the $billions in market cap damage that may never come back.
Your market cap determines your credit worthiness if you didn't know, hello?
It is a critical part of your credit profile.
You will pay more to borrow money which adds up to more than the entire VM acquisition.
Understand this properly.
The reason the stock is this low is because it was even lower last year.
Such precedents are extremely damaging.
And the longer the company share spends at these levels the more permanent the effect.
If you don't believe me find somebody knowledgeable.
When a big cap's share drops this low, most do not come back.
I don't have a problem with the stock dropping and recovering.
But extended, prolonged, monotonous low share price has real material effect on the credit quality and therefore operation of the company.
sprint could have started accumulating vm since announcemnt to aquire.
does sprint have to announce any vm shares that sprint may have purchased on the open market
could sprint already own 51% of vm?
Someone notes that Dan Hesse has been the CEO going on two years now.
That is sufficient time for a recognition of the leadership's worth to the company.
To turn a business around frequently requires a change of management or ownership.