Recently completed highly invasive multi-year rip and replace of the entire network (called Network Vision). Sprint now has the newest network in the U.S., a network which yields significant savings in backhaul, roaming, energy and maintenance. Software-based architecture affords capabilities regarding Spectrum and Network Sharing.
Softbank Top-technical rep Junichi Miyakawa relocated from Softbank in Japan to the U.S. three months ago along with 100 Softbank "Top-Gun" engineers to fine tune and advance the network to its full capabilities. No team in the world has more expertise on 2.5 GHz spectrum than these Softbank experts. Mr. Miyakawa announced they are now employing automatic detection and self-learning tools, specialized technology used in Japan. Sprint is also to add 9000 LTE sites, densify the network with small cells, and continue deployment of LTE-A technologies.
Results and Future:
Sprint has now passed T-Mobile in recent Rootmetics Nationwide tests. You may recall that upon announcement of Network Vision, it was stated that Sprint was building the world's best network. The pieces are in place for just that.
Spectrum Value Calculation:
Total Value = pops x MHz of Spectrum x Value per MHz Pop
Total Value = 250 Million x 120 MHz x 2.0
Total Value = 60.0 Billion dollars
I tell you what is VERY evident in Ergen's comments is that he is walking the fine line marked by the double edged sword of bundle, no-bundle.....cord cutting, traditional service packages.....slim bundles, traditional bundles....breaking free of content providers demands, being loyal to content providers....LOL....it's actually hilarious to listen to that CC...
...if you understand the rationale behind each comment Ergen made...stack them back to back....one after another...you could have a big belly laugh over this.....Dish is caught in a massive push/pull in this OTT Video, Bundle, cord cutting battle......I don't know how long they can walk that line...same with cable providers.......it may be the impetus that pushes Dish and Sprint to a JV.....
what is lame and childish is you claiming that Masa Son pays you to post, then claiming you'd never seen the questions about it, then saying you never posted it when it was put right in front of you.....then admitting you did post it but claiming it was out of context. See how that makes you look OFF...
.....and beyond that, what is lame is all your LIES and SPIN and spreading of misinformation, yet claiming to "impartial"......team rep, seriously, you are a JOKE.......and frankly I think you need to take a hard look at what you are doing.....it's quite unethical...and if you REALLY have convinced yourself that what you say is valid...if you have it rationalized one way or another......well, then you are just gone, nutbarfactor7 ......
team rep, this is where I think you are mistaken, it is partially about you. Just as you have attacked me for my sincere views on the stock, and yet I have stated clearly why I post and that I am a retail investor with a long position in the stock. You on the other hand have never cleared up this thing about you saying Masa Son pays you to post, you have claimed no position in the stock, but are here regularly, often spreading misinformation and a negative spin, giving the impression you MUST be paid to be here. And when asked about it, you run and hide, obfuscate, won't answer and in general avoid. Do you see how that undermines square one of your credibility, and frankly, has prevented any real contribution by you, it's not hidden, it's not like you're pulling the wool over anyone's eyes, it's very plain the intention of your post. In the end your message is lost in that you aren't credible.
teamrep, now you yourself are admitting to the negative spin. That post is exactly why you are now a full-on basher. Part of it is the hyperbole in word choice, part is opinion stated as fact, and part is irrelevant, and of course omits all positives. hence a very slanted view. Repeated again and again, it just becomes fear mongering. Look, you have been taken to task here over and over and now you are on a vendetta against those awful pesky longs. That's pretty obvious....as you have now transitioned from your guise as unbiased journalism-man to a belligerent hater. Again, if you think it isn't obvious, you are mistaken. I'm starting to get the sense that you truly BELIEVE yourself as some sort of protector, frankly I think you are delusional, AND you are paid to be here bashing Sprint, that makes you a liar as well.
Why don't you stop mis-directing and clear up the simple point of why you said Masa Son pays you to post. Why all the lies about that. You can't hide from this question by claiming to want to talk about Sprint. If you are to be credible, people need to understand why you say such bizarre things....it goes to your credibility
I maintain my view that Sprint is THE single most undervalued brand name asset in the market today......
YOU as one who posts that he is paid by Masa Son to post and then lies about it to cover up suggests the view of a con artist.....seriously what are good posters to think.......plus you use constant negative hyperbole...and inaccuracies, misinformation...and YOU want to claim the high road.....wow you should be pictured by the definition of disingenuous ....btw there is plenty of opportunity for you to post/respond to poster comments about Sprint ...but every positive post, any reasoned discussion you are right there with your spin and negativity and insults......you reap what you sow .....you brought so called "attacks" all on yourself.....there's are hundreds of examples of posts like this below...is that how YOU dfine taking the high road.....
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Another overly simplistic, brain dead post.. grow a brain idiot.
Ergen NEVER ever said "DISh doesn't need Clearwire. What crapola brain farting is that?
Get up to 4th grade idiot.
I will ask you again team rep...are you paid to post.....I have asked you this before...and you have refused to answer the question, you dodged various ways.....it's quite amusing actually that you think you can avoid the question......you accuse longs of bias based on position...I accuse you of bias because you have SAID you are paid to post...then won't clear it up...... look this is simple.......don't overcomplicate this like you do everything else...just answer the question....who is paying you to post......
Team Rep has replaced jugs as the number one basher here, he uses misinformation and hyperbole (spin) to spread negativity and lies all under the guise of being impartial. he accuses longs of being biased and labels any discussion of the bull case pumping. He attacks longs and then wants to take the high road as "impartial'.
In the past he posted that no less than Masa Son pays him to post as a "chaser". He refused to clear this up. Then actually denied he even posted this even when the post was copied and pasted for him. THEN he admitted to posting it but said it was out of context. These are LIES and COVER UPS.
Should we view this in some other way, other than to ask for clarification as to why are you here, just asking for a disclosure that goes to your INTENTION, because it quite clear your intention is to bash Sprint, spread negativity, etc.
hi whigg, did you listen to the Dish and SB cc's....very interesting...Ergen is walking a fine line in many ways.....listen with an ear attuned to the fact he makes money from having relationships with content providers in the traditional pay-tv model....and at the same time has offerings that break this model (Sling TV)...and the fact that his pay TV business is in decline...and cord cutting is on the rise......it's a very interesting dance...listen to how many questions now he is getting about this area.....
...this is all VERY relevant to Sprint....Sprint's monetization of 2.5GHz....JV's for Sprint.......etc.
team rep, come on, are you AGAIN back to denying this is your post (below), I need a score card to keep up with your lies.........
Reply to TEAM REP - is he paid to be here by account_track •Aug 28, 2014 12:18 PM
teamrep • Aug 28, 2014 8:13 PM Flag
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I go on record as stating that you are paid to post. YOU are paid by the "idiots" who form a conspiracy to falisfy information about investments for your own purposes. I admit that Masa Son has paid me to be a 'chasher' who posts about nonsense stuff like reports or what I had studied about the possibilities and limits of technology used wireless since before 3G. I'm guilty of telling the truth which bashes Sprint because you'd rather people only listen to what you or S's PR department want to drool out to you.
For some crazy reason, I've come to believe that companies have to stand on their own capabilities and exploit their strengths while diminishing their weaknesses. Its a nutty proposition, but I think that takes looking at the facts coldly and then taking action boldly. If the facts show something it does not change them by ignoring them.
Sprint has lumpy gravy networks by design. They are delivering as planned
It would not surprise that we would see some other insight along this line in conjunction with the Next Gen Network plan that Son mentioned several times in the CC..... Dish I think is in a good position due to the Spectrum they hold.....clearly that was Ergen's plan all along, why he began buying years ago.....he mentioned in his cc that the technology as to how you do spectrum sharing is changing.......so I suspect that Sprint's Next Gen plan is going to incorporate how Sprint can optimize JV's and Spectrum sharing arrangements.....and clearly Dish needs the right partner.......that can be a big win-win....
..and just to clarify...so now you ARE admitting that you posted it...as opposed to your previous position that you had NOT posted it at all.....now we're back to a another form of "out of context"...is that correct...?...just want to have it clear.....
This very much aligns with a communications industry overarching view...trends toward:
1) convergence of formerly disparate technologies and industries
2) OTT video, ala carte programming, breakup of the traditional cable content model
3) internet of things
4) all services through one pipe, just different data-forms, perhaps think of them as "data-brands"
When you look at Sprint capability to deliver massive amounts of data via 2.5GHz, you can see just how many potential partners and how much opportunity is there for Sprint. And the logic keeps circling back to Dish as major partner perhaps even in an outright merger.
Something Son said yesterday in his CC struck me. He was discussing the ownership structure going forward in the "Softbank Group" (new name) companies.....and he mentioned Softbank 30-40% ownership...... each "disruptive entrepreneur" running the company owning 10%... and venture capital 5-10%....
This got me thinking about the ownership by SB of Sprint...at 80%...as way above the model.....and you have to ask, was the initial reason SB bought 80%, was that in anticipation of the TMUS merger......did Softbank ultimately want to end up with 30-40 %..... and then logically would a merger with Dish result in a structure that would align with what Son described....
Ergen would certainly wind up with a fair percentage of a merged company. And certainly Ergen fits the bill as a disruptive entrepreneur.....one really has to look at this new business model SB described.....and how this applies to what he was talking about in the 30 year tech company cycle.......something Ergen would likely relate to.....and the bigger view of wanting to be disruptive......the opportunity for Sprint and Dish to be "disruptive" is massive......potentially to redefine the entire communications/cable/internet/content landscape.....my suspicion is that Son, Claure, Arora, and Ergan would all embrace such a grand plan......
Ergen's comments in his CC about AT&T/D-TV were interesting.....clearly Dish will not be able to match certain offers that D-TV will be able to make after the tie up with AT&T.....it would appear to force Dish to move...Ergen also noted they have several non-disclosure agreements in place...this comment came as analysts attempted to question about consolidation with Sprint or TMUS......that's not exactly "news"....but clearly they are at the stage of looking hard at their options at the very least.....
Dish and Sprint have the three ongoing trials for Fixed Wireless Broadband, Bloomberg Intelligence says Sprint 2.5GHz spectrum is worth 86 to 115 Billion, notes by analysts discuss the efficacy of a wholesale capacity business involving Dish, the Google MVNO, the trends in communications to cord cutting, OTT video, and smaller bundles getting more media and analyst play, hence the very obvious utility and partnership potential for Sprint with its 2.5GHz position.
And as this picture becomes more and more clear, investors think, gee, you would think the stock would pop, especially on the Spectrum valuation. Heck, the CEO even commented on the Spectrum as being a whole new value proposition that they are now studying. That spectrum valuation puts a $40 stock price in the realm of argument....yet still no pop in price.....
...after awhile investors (most likely retail) discount the bull case...and yet the CEO just bought 5 Million shares, and the top 10 holders are really quite concentrated with some stepping up by value players:
Norges Bank Investment Management....101,974,052
Dodge & Cox..............................................96,876,234
Orbis Investment Management Ltd............69,436,875
Newton Investment Management Ltd........44,849,683
Invesco Advisers Inc................................. 33,003,576
Vanguard Group Inc...................................32,451,032
Paulson & Co. Inc.......................................30,100,543
BlackRock Fund Advisors...........................26,787,590
Nevsky Capital LLP....................................13,796,685
PRIMECAP Management Co.....................13,475,000
Here's the latest numbers just out. Notable is Dodge&Cox adding 20 Million shares, the noteworthy point in Dodge&Cox is they still have a relatively (relative to some of their other holdings) small position in Sprint, they could probably corner the market in Sprint Stock...LOL...notable on the downside is Paulson sold all buy 5 Million shares. Notable as well on the upside is Ontario Teachers Pension added 13 Million.... a number of top ten holders added in fact....
Dodge & Cox............................................117,394,003
Norges Bank Investment Management....101,974,052
Orbis Investment Management Ltd............69,981,632
Newton Investment Management Ltd........46,402,431
Invesco Advisers Inc................................. 38,414,912
Vanguard Group Inc...................................34,786,362
BlackRock Fund Advisors..........................27,537,680
Ontario Teachers' Pension Plan Board......23,461,295
PRIMECAP Management Co.....................16,565,000
SSgA Funds Management Inc...................13,589,855
This is from the Orbis site, I think this statement of investment Philosophy speaks for itself....I've always like this, it captures my sentiment on Sprint.....
"Put simply, we want to buy shares for much less than they are worth. Shares are nothing more than fractional ownership interests in a business. If our analysts can truly understand the fundamentals of a given company, we can determine whether the price the stock market is offering is cheap or expensive relative to the intrinsic value of the business.
Compelling investment opportunities often arise when investors place too much emphasis on short-term developments at the expense of long-term fundamentals. As the video illustrates, capitalizing on excessive pessimism lies at the heart of our investment philosophy. We believe that share prices must ultimately reflect intrinsic value and we are prepared to wait patiently until our investment thesis plays out. We recognize that even the best stock pickers tend to be wrong about 40% of the time, so we seek to mitigate permanent losses of our clients’ capital when this occurs.
It is a simple philosophy to grasp, but difficult to execute. We have deliberately structured the firm to enable us to make decisions that are consistent with this philosophy. This includes an alignment of interests with clients, a culture of individual accountability, no outside ownership and a focus on sustainability.