No, it has to do with
1. There service sucking
2. That being the case for a long time
3. An oversaturated market
4. Smart people, unlike you and I, taking a wait and see approach to the business turn around.
5. Even smarter people having better stuff to do with their money
6. The whole "not profitable lots of debt thing."
Turns out investors, myself excluded, generally buy stocks in companies that are already profitable and show a likelihood of staying that way.
Now as far as buying sprint, or holding sprint, based on some as yet undisclosed master game changing plan. Like perhaps they will be selling tacos in the Radio Shack stores. Or some other big company googlish tie-it. Real investors are fine to wait until the see something, as they are busy making money in other stocks.
Really the main problem is that sprint sucks. But there are still some ways to win, a merger, which seems likely just due to synergies within the industry. Or some long term IOT robot thing that Son has plans on.
So I am in this for 100k$ at 4.87 average. Bought some last week. This is (was) my thinking.
First off, the whole "we need retail outlets, brick and morter...." thing is so stupid and ridiculous and makes so little sense that the only thing I can imagine is that the Marcelo and Son don't have some sort of master plan.
Now I am thinking that may not have been sound logic.
The yen was at 82 when he bought + he got some 1% interest money. This is news from yesterday. "The dollar soared to a 13-year high against the yen and rose against the euro Friday after a solid U.S. jobs report signaled a strengthening labor market, bolstering investors’ expectations for higher interest rates in September." It is now at 125.616. If he sold half his holdings now he would have gotten the rest for free. The depth of your ignorance is remarkable. You should not have children.
Son has a plan. but he sometimes expresses things in hundred year increments.
The street will realize shortly that if dish and tmobile we worth more as a merger so are sprint and whomever else they end up doing business with.
the problem is if you are retail you just have to sit and wait.