Clearly I do and no they're not. How does a family plan help me (one person here)? If I want to join a cell phone service, I don't want to hold a family meeting to discuss cell phone service. I'd rather join a service where I have INDIVIDUAL control over my account from now until the end of time. That's why I've had T-mobile for so long, because they understand this concept... that people eventually move out and stop living with their parents. I don't need multiple lines of service or worrying about how much data I've used or worrying how much data everyone else is using.
They should of just kept it simple - $50 a month UNLIMITED EVERYTHING, not some complex spreadsheet where I'm debating how much data I'll need now in the future. This is why T-mobile is kicking Sprint's teeth in. I'm almost compelled to dump everything at a loss but not before I write the company and tell them to cut this nonsense.
Guaranteed news on Monday for Sprint and more than likely it's going to be positive. Today was the last time I bought more shares to average down. Masa & Marcello better make this work...
Sentiment: Strong Buy
In all seriousness - Nobody knows. At least Marcello has experience in the wireless industry, so we're not dealing with someone who is foreign to the concept of running Sprint. Even struggling companies with new CEOs like Groupon and Zynga have had their pops & drops during their tenure.
I wish I could provide more optimism but until we receive more information in the form of news updates, we just need to take it on good faith that Masa has picked the right man for the job. Good faith is all we have right now.
Sprint isn't entering anything but rather following in the footsteps of T-moblie by force. T-mobile started the pricing war ALREADY and the entire Wireless market has reacted to their moves. The only reason why T-mobile is ahead in the game is because they moved before anyone else did. This is no different than comparing At&t's U-verse vs Comcast. U-verse provides comparable service at half the price of Comcast. In peak areas, T-mobile HPSA+ provides comparable service to Verizon at half the price.
Plus what's the point of offering new plans without the incentive to switch and more importantly, stay? Subscribers is EVERYTHING at this point - even if it means losing money to gain market share. Sprint will have to be even more aggressive than T-mobile, if that's even possible.
Masa announced the idea to competitive pricing this time last year following the acquisition. What other option do they have to get their subscribers back?
I was hoping for the 7.60's, but bought some more yesterday at 7.68 on impatience. Buying more after earnings in either case, especially if we take a hit.
Sentiment: Strong Buy
If earnings don't impress even moderately, Sprint is going to get hit pretty hard. Glad my risk is extremely minimal - I sold all but 100 shares after Friday's sell off after pulling back on 8.67 resistance again. Might consider getting some back at 7.90 or after earnings. Finding a good entry point here is just a guessing game.
So how's stacking Gold and Silver working out for you?
The economy is a long way from crashing and just like the last crash, you'll have plenty of time to see it coming. When Oil hits over $140 a barrel, then you should be concerned. When the retail sector goes into the toilet (I encourage everyone to watch when Wal-Mart reports next earnings, holding or not), then you should be concerned. When inflation gets out of control, then you should be concerned.
Let's not forget that the crash of '08 was declining for over a year before all hell broke loose. I personally don't feel sorry for anyone what continued to invest after the fall of Bear Sterns - you'd have to be complete idiot to stay in the game after that.
Thanks - I kept hearing about it throughout the week but was unsure what they were talking about.
I'm not just talking about Sprint, but ALL stocks. Anybody care to explain why the trading volumes are so high?
Unfortunately for longs we're still working out of a negative trend. A reversal probably wont happen until we can hit & hold above $8.75 near-term. Today's high of 8.67 marks the last trend reversal on May 9th with an open of 8.75, high of 8.84, and low of 8.67.
Those are our targets. If Sprint can keep the momentum up for the next 2-3 trading days, we're in the clear and moving up to at least mid 9s near-term. If by some chance we go lower I'd still advise the shorts to cover at $8.25 or at the 200 day MA like I advised last week. This is a psychological play off trend support and moving averages, not financials.
Makes no sense that the market would be up after the negative revision to GDP, but Sprint and Rite Aid are probably the best value plays out there under $10 right now for turnaround value. The risk is low here - accumulate!
I'll agree; company acquisitions these days for anything is comparable to buying real estate back in 2005/2006.