Just to show these FACKS that they're srill confident in the turnaround and just to "stick it in and break it off" in the shorts!
No way Son/Claure would have bought MILLIONS of shares recently at $5 if they knew they were about to default and the stock was about to go to Zero..gimme a break! The only good these bashing A wholes (Moffet, Trep, Jugs, S&P etc) is that it's making a much better case for Sprint being able to merge with TMUS.
Wheeler, are you watching all this???
All that spectrum, all those 58 million customera, all that revenue/earnings straight to the bottom line of the acquirer. 100% DEBT FREE for $45 Billion Dollars.
To exercise those 10 MILLION shares.....
Looks like he's gonna get us there soon!
Japanese are masters of efficiency and lean workforce productivity/accountability...It's just a matter of time before the entire organization is running as efficiently as possible and profits are consistent.
Son is a proven maverick Billionaire, so to bet against him is a fools game.
Looks like we're setting up for a multi year run here folks!
Once sprint gets their cost structure inline with VZ and ATT, sprint will be in the black, debt will get upgraded, interest expense goes down and profits go even higher. Thats whats coming. Simple Math...
Sprint Debt=$33 Billion
ALL have yearly revenue close to equal of their total debt.
ALL TELECOMS HAVE DEBT LARGER THAN PUERTO RICO!
Once Sprints cost cuts are complete they will be comparatively in no different debt position than any other carrier!
Geezus, enough about only Sprint being saddled with debt!
No way we should be trading in $2's!...B.S. rumors about negative subs, network disruptions, not being able to make debt payments...its all PUT TO REST this morning. BAM! We traded down from $5 to $2's based on these B.S. rumors...now time to HEAD BACK UP to $4- $5 minimum!
3.9 billion total shares x $2.45= $9.5 Billion
$32 Billion in Sprint total Debt
= $41.5 Billion Total Buyout Price at yesterdaya close (close enough, you get the point!)
Son could get this in a SNAP from Comcast and you know it. This puts a bottom on Sprint at $2.00 worst case assuming no recovery at all. ATT was dying to get tmobile at this same price.
With no debt Sprint would make piles of cash! A $40 billion offer at this share price of $2.50 would pay off ALL of Sprints debt.
I agree 100%, that's why I've been holding. I just can't get over the pure HATE for this company right now. Sure, it's frustrating as hell waiting for the complete turnaround and losing all my profits certainly doesn't feel good, but with all the recent strides being taken to return to profitability and the MASSIVE insider buying, I can't help but still be a believer in Son and the long term potential with this stock. I ain't selling now! Depending on earnings, I may just have to double down! :)
Well, isn't that a positive bit of recent news too?
This is a classic Bear Raid if I ever saw one.
Just last quarter they stated this with the earnings release...so why all this panic? This along with cost cutting ie: layoffs, network efficiencies and the stock goes down 50%??? Arent cost cuts, layoffs and not having to raise additional capital exactly what Wall Street likes?
To keep these little ankle biter companies and their annoying profit cutting promotions from getting out of hand. A 3rd big player will bring healthy pricing stability to the industry and a 3rd strong network that people can choose for a better value alternative to the big 2.
Get with the program Wheeler!
Comcast or Google or whoever can buy the WHOLE company and payoff ALL Sprints debt for $45 billion dollars. That's just insane! I'm adding more at this fire sale price.