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Sprint Corporation Message Board

greekmonster101 6 posts  |  Last Activity: 9 hours ago Member since: Feb 7, 2014
  • greekmonster101 greekmonster101 9 hours ago Flag

    cs, it's a very real possibility, but also an absolutely groundbreaking structure, means there's a lot to work through.....we'll see......for sure Sprint Stock is simply not getting credit for the value of Sprint assets....especially considering the new way 2.5 is being viewed...... good point on MCD.......

  • greekmonster101 greekmonster101 11 hours ago Flag

    The industry playing field then looks different, in short order might looks like this:

    VZ 125 Million subs
    AT&T 118 Million subs
    Super-Spectrum Network Co (wholesale subs from Sprint, Dish, Google, others, has massive spectrum)
    Sprint 55 Million subs, has no spectrum
    TMUS 54 Million subs

    Clearly the 4 company industry now has 5, and TMUS/S looks more real.

  • greekmonster101 greekmonster101 12 hours ago Flag

    you end up with 2 companies:

    1) Super-Spectrum Network Company
    Contains all Sprint's Spectrum
    All Dish Spectrum
    All Sprint Debt
    Leases Capacity to Google, Dish and others needing capacity, which is everyone
    If set up as a Reit Structure it would pay 90% of taxable income as a distribution and contain a massive amount of spectrum as an appreciating asset, hence attractive to investors, any debt assumed from Sprint would be refinanced at lower rates (having been removed from the operational risk associated with one carrier and backed by a hard asset)....

    2) Sprint
    The retail business which is now without debt and quite profitable
    Leases capacity from Super-Spectrum Network Company

    The problem with all this is that is may not be able to be done, you may notice that Windstream had to seek state approvals, and is much smaller scale. The regulatory and contractual complexity of such a deal is as massive as the groundbreaking nature of the deal........can that be worked through...can it be done...that is the clearly makes sense to do it.......note it is also a huge monetary event for Son as well as Sprint public holders, Perfect for Dish, good for the industry so to get spectrum utilization, and EVEN opens the door to TMUS/S again........

  • greekmonster101 greekmonster101 12 hours ago Flag

    aside from organic growth (and this includes adding more wholesale partners, MVNO's, spectrum/network sharing deals)......there is also a MAJOR restructuring, such as a Windstream-like REIT in partnership with Dish and Google....this gets us to $20 literally overnight....I know no one believes it...but crunch the numbers and look at the reality of what Windstream has done..... and what some industry observers have said about Dish Spectrum and a wholesale capacity business.....the only thing Fierce doesn't fully get into is the potential structures.....

    From Fierce Wireless:

    "if wireless data grows and spectrum resources are consumed at the rate we expect, a wholesale capacity business would be about the best business we could dream up."

    "Once a carrier has deployed Dish's spectrum, the switching costs for Dish would be very high," New Street concluded. "As such, we would argue that this should be valued like a wireless infrastructure business also. At a backhaul/tower multiple, this business would be worth $18-30 billion to the host. Even if you assume it only gets a typical carrier multiple of 6x, it would still be worth $9 billion. This would be a much more significant source of value for Sprint or TMUS than for AT&T or Verizon (which is exactly why one of the smaller carriers would do it."

  • Did you see that Canter Fitzgerald analyst on CNBC today, the analyst said he went to China last quarter, apparently Apple is unable to keep up with the demand, there are iPhone 6's which are selling for as much as 2100.00 (US Dollar) ....they sell in the Apple stores for 1000.00 (US Dollar).......

    That kind of puts iPhones that AT&T and VZ customers turn in to Sprint in the cut-bill-in-half program..... in a NEW LIGHT......LOL......note I believe it was the CFO Sprint who commented that many of the phones turned in are new iphone6.......

    Has savvy Claure written all over it.........still making money on phones....!!!!

  • Current Balance Sheet:
    41 Billion Spectrum
    18 Billion Network
    31 Billion debt
    5 Billion cash
    33 Billion Net valuation based on assets
    Equates to 8.25 per share
    Not to mention the value of an ongoing enterprise with 8.5 Billion in quarterly revenue

    New Spectrum valuation potentially places a much higher valuation on Sprint:
    18 Billion Network
    86 Billion Spectrum
    (based on the AWS auction and CEO comments about new technology, carrier aggregation causing 2.5 to act like 1.9, thus better propagation, thus 2.5 is coming more on parity with mid-band valuation, it has been valued until now at one-fifth to one-tenth the value of mid-band)
    31 Billion debt
    5 Billion cash
    78 Billion Net valuation based on assets
    Equates to 19.50 per share
    Not to mention the value of an ongoing enterprise with 8.5 Billion in quarterly revenue

    Conclusion: Sprint is the most undervalued brand name asset on the market today

4.30+0.050(+1.18%)Jan 30 4:01 PMEST

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