some no name analyst said they should be worth $70 a share in 2018...sounds like a good opportunity to dump
teamsy weansy, you are now the KING of mean nothing know nothing statements.....it is you who distort the reality of any discussion, by purposely misinterpreting longs, by posing endless straw man arguments, by posting odd misinterpretations of fact, and outright misinformation ....I suspect you are on drugs.... seriously get clean
Here's my notes from the conference this morning, definitely a must-listen for any long:
JP Morgan rep, all impressed with the drop in churn
Discipline on tight credit quality, now seeing benefits
expect continual improvement in churn going forward
churn shift is a real sustainable shift in the business
65% growth in prime customers last quarter
seeing a lot of prime and 3-5 line customers, customer mix improved
deploying 2x20 carrier aggregation
double data, cut bill in half, best buy 1 rate, all successful, more to come
looked at every Radio Shack store in the 1400 individually, much cheaper way to double footprint
600 stores already manned with Sprint employees
Mid June other 800 stores will be manned with trained Sprint employees
Will be no different essentially than other corporate stores
expect positive handsets going forward, sustainable
800 voice now across the county, is all complete
can track deployment of 2.5 by much higher speeds being seen
credit quality positive effect on the securitized service receivables, positive cash flow item
explained issues regarding handset securitization, and enhanced vendor financing availability
Masa watchful, will ensure the company is successful, provided color on this
Marcello Claure and Masa Son partnership phenomenal
A lot less capital spend due to Softbank, provided color, discounts, terms not before available
Softbank benefit regarding Handset availability and terms
Feels very good about the expenses they are taking out of the model
Net Port Positive
Pre-paid a great contributor to overall profitability
800 LTE will be done by end of year
lowest ever 14 day returns
network is now a totally different experience
optimization efforts, network better everyday
able to continuously invest in network now, to take to the next level
wifi-calling layer importance, provided color
the 600MHz spectrum may not now be needed
teamsy, let's have a talk.....items like employee morale, an entrepreneurial attitude, a can do approach, instilling in employees a sense of responsibility for handling customer problems, optimism, a sense of team, liking one's job, etc......these are all issues of CORPORATE CULTURE......that IS what they are. They dovetail with the policies put in place by executives to foster such, and are reinforced by good leadership. Corporate culture is very important.....winning becomes infectious so to speak.......
...so to couch the issue the way you have as "if the mobile business was 'dependent' on how people felt about it, that it would be like Facebook"......WOW......a new low in missing the mark......that is so far out in left field you're on Mars man.....
....it's a corporate culture issue...and it's palpable that Sprint's culture is changing...Son in fact has commented on this in the past.......wow.....totally clueless.....
total nonsense as usual teamsy weamsy......I do find it interesting, curious, and almost downright upsetting how you know more than the CFO, CEO, and Engineers..... yet can't get a job......just sayin'
MW, he also admitted to the NV rip and replace pardon our dust days where some people came back after buying saying I can't make a call...so that goes to show how invasive that rip and replace was........and how far the network has come.....CFO JE was clearly clearly more upbeat, jazzed, excited than I've ever heard him....could really sense the entrepreneurial spirit there......probably from rubbing shoulders with Billionaire entrepreneur types like claure....where one gets the sense you own the whole world and everyone else is just borrowing your stuff.....
.MW, did you listen to the Son SB CC talk...he went into at some length his model regarding "disruptive entrepreneurs" ...and the 30 year tech company cycle.....interesting perspective
MW..also a few bashers today found themselves with their wits locked up, when I suggested that a thumbs down vote for a bullish post...is a sign of what bashers most fear....clearly true from when a long posts something like "here's the top 10 Sprint holders".....what's not to like about an actual fact......and suddenly there are three thumbs down.....
MW, well sure, it's good sport and all in good fun, those basher rascals love being taken to task....the only thing I would request of their boss-man...is a smarter basher...I think the world needs a smarter basher....with these ones are like outwitting a goat...come to think of it I think one of teamsy's alter-ego ID's is something to do with a goat....but I digress....
...on the Sprint side..how 'bout that CFO talk.....he was jazzed.....
remember a down vote from a fearful lowlife basher is an up vote...they down vote the posts they most FEAR
yes, agreed whigg, the moderator at the conference started with that, commented how everyone was impressed with that churn reduction.....they drilled down on it more later as well...the sustainability of it.....also the 65% increase in prime customers is important, very.......and the fact they are getting more 3-4-5 line customers....
...compare that to T-Mobile who is headed in the other direction with this......ie. their awlful credit, we'll still allow you to get an expensive phone you can't really afford...plan...that sounds so bad an idea....it's as if someone wants to scuttle the company....
wow, that's the most energized I've ever heard CFO Joe Euteneuer....really upbeat, excited about what's going on...that is a must-listen for all longs...lot of operational facts presented.... no particular breaking news but ALOT of data...lowest ever 14 day returns was a new piece of info for instance....churn drop is seen improving further and sustainable.....ton of other info on the network.....also Sprint may not need 600 MHz at the auction next year...still up in the air....a lot of data on network deployment as well......
And this also from Orbis. The point here is that Orbis is a true value investor......in for the long term. Consider too there are about 750 Million publicly traded shares, 218 Million in the hands of the top 2 holders, 484 Million of which are in the hands of the top 10 holders......
"We seek to invest in shares of companies that trade at a significant discount to our assessment of the intrinsic value of the business with an adequate margin of safety. Since shares represent a fractional stake in a business, we try to think like business owners when evaluating potential investments and assess each opportunity as if we were planning to buy the entire company. By looking at fundamental data going as far back as possible, we also try to judge the normal range of a company’s profitability and valuation over many market cycles. The chart below is an example of one of the tools our analysts use to assess the long-term fundamentals of a company. It overlays the share price of the company with key fundamental metrics. Although it is just a starting point, the chart helps analysts to quickly understand the company’s long-term fundamentals and their relationship with its share price, thereby enabling them to focus their research on the most promising ideas."
There is also this from the Orbis site:
"At Orbis, we seek to generate superior returns by buying shares that are out of favour, overlooked or misunderstood. As such, it can be easy for us to look foolish in the short term and for our clients to feel uncomfortable. But our experience has shown that the rewards that come with contrarian thinking, discipline and patience can be substantial over the long term.
As important as performance may be, it never tells the whole story. To really understand a manager, you need to dig deeper. How do they make decisions? What are their incentives? What are their values? How have they structured their firm?"
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.
teamsy, you are clearly lost beyond belief, it took you four paragraphs to say that longs should have sold out at $11....AND you constantly talk about the past, what matter for a long or short is looking today forward.......period.....NO ONE has a crystal ball, there are plenty of large holders who held right through $11 including Cooperman, et. al..... if you are going to encourage investors to regret every woulda shoulda scenario, it tells me one thing...that YOU are a failed trader.....
I don't care what some book tells you is "supposed to be", the nasdaq site has out of date info on Cooperman and doesn't show Sovereign data, look at it yourself instead of some rote parroting of something you read in a book.....clueless