I bet they have more than that, I bet it mirrors the pre-merger institutional percentage of 86 to 90%
good point ss, SB paid about $7.00 per share for their 80%.......this is the smartest money there is, certainly can't value the other 20% at ...it's actually $1.80 a share.......per my calculation.......based on the current market cap of 23.5 Billion...$7 should be a floor
if you really want the red pill as relates jugs search "urban dictionary greekmonster" and "urban dictionary greekmonkey"......these definitions were created by his ID juggling coal, which he also used here, this is the kind of salacious stuff he was posting here back then, again because he lost arguments on free cash flow, depreciation, spectrum etc......be forewarned, it is graphic......
jugs has greek "r" "n" onster101, which really looks like my ID, he started at one point posting all manner of salacious over the top nonsense with that a couple years back.....as if it was me.....LOL......he did this because he objected to factual information about spectrum which proved him wrong...this is why he also took greek-god-of-stocks and later spectrum_guru.......it's all very transparent where he's at
Cooperman just passed out red pills to 100Million shorts, they are now debating whether to take them or not
There's always some idiot who doesn't get the memo. No doubt the shorts will scramble to try to work out of this position. Still looks like a lot of program trading. But make no mistake Sprint just vaulted a lot more onto the radar with that Cooperman comment. Again, if I was a short, I'd be most concerned that a Paulson, or someone similar, will exploit the outsized short position.
yes Pete, I have fully stopped reading the basher comments, I literally do not look at them at all, having found them to have no value, you really have to take a hard look at the intent of the basher crew, the true intention of these posters is to spread fear, uncertainty, doubt, negativity, and since the facts don't align with that they have to spread lies. So where's the upside in dealing with someone who intentional wants to spread lies. I found that I was missing NOTHING by ignoring their posts fully.
Coopster, Super-Coop, Cooperiffic, Cooperization, The Cooperizer, Superman-Cooperman, SuperCooperman.
I like SuperCooperman, jumps 100 Million shorts in a single bound
hello CS, I mean it really can't get any clearer than this, Cooperman can't come out and say, hey I have a $25 price target for this thing, who would believe...but yet that's what he just said....I mean what? The company starts generating that kind of cash with increased revenue, I mean what P/E ratio does it then merit......
industry average = 37...LOL...$37 a share...
Hi pete, great to see you here, it's a good news day, I really don't care short term where the price is, far as I'm concerned the shorts can get in deeper if they want, it won't end well for them, I do like that Cooperman is aboard, he's one of a select few whose opinions are consistently correct and valuable to watch
bought more than the 25 Million shares he received in the merger. The Nov 15th filings will be even more interesting now. Given 721 Million total shares in the available float, net out another 25 Million and likely much more. Further constrains what is now probably 125 Million shorts. Don't see this ending well for them.
chuck and spears is on ignore for a reason, but I suspect he is bashing again, look Cooperman is highly respected, if Sprint advances from where it is not to earning $1 a share, it WILL be a growth stock..and will merit a high multiple...this also clearly opens the way for a dividend at some point....but more than that, a 4x price target minimum in 2 years...hey, I didn't say it, Cooperman did...I have said it before...and have been bashed for it...so now you can yip yap about Cooperman...see how that goes.....
Cooperman is THE guy in value investor...hopefully you saw the cnbc video this moring of him talking about Sprint....it's also very important to note the comment on Son, that everything he has is "extraordinarily" well run,. that's a key choice of words, and what Sprint needs, this addresses getting margins ship shape
yes RG, this is the whole Growth stock story, because it's not unreal to put a higher multiple on it if the revenue is growing......eps of $1 makes the calculation easy, just take the multiple and that's your pps......ie. P/E of 85 equals a share price of $85.....I'm sure you've done the math, it's retirement for most.....
but no need to get ahead of ourselves, Sprint has work to do, but I for one am glad to see Cooperman aboard, he really does his homework....
Hi pete, this is indeed exciting news, Cooperman is HIGHLY respected as a value investor, has a tremendous track record. He was very bullish on Sprint and bought in the $2's...had it as his top pick pre-merger.....he tendered at the merger. He was a top holder in Sprint having 95 Million shares, so he would have received about 25 Million shares of new Sprint in the merger.
.....this further reduces the available float as Cooperman essentially just said that's another at least 25Million shares held long term...... this is a real shot in the arm for investor confidence given we have had no insight into the institutional holders sentiment post merger, the first filings due out Nov 15th.......
it's very big news, shorts may still come after this, but this is more evidence it's a fools errand
Cooperman in making this comment is saying that within 2 years he believes Sprint will have earnings over $4 Billion a year. The industry P/E average is 38. (AT&T is at 25, VZ at 86, TMUS at 27)
Basically Cooperman in calling for over a dollar a share in earnings just put a price target on Sprint in 2 years of somewhere in the neighborhood of $25.
This also opens the door wide to deleveraging and.......a dividend.
you also have SB in the news this morning buying a company called Supercell with Subsidiary Gung Ho