I do not believe this to be a bad investment. Think: SB, insiders and institutions own over 85% of this company, logic says there is no way you can lose money if you are long. mo
Recently an analyst stated that TMUS is worth $72/share on its own. Maybe much more in an M or A.
If my mathematical skills are up to date, I do not believe the pps can go below -$0- I am long. I expect the pps to go up.
Let's see. Mr.luvgreen is looking at S when it was $10 and now at 2.50. He says that going back up, when S is at 5, that is 100%, then at 10 and it is now up 200% from the 2.50. If you look at S at 10 and watch it drop, it drops 70% . Numbers are confusing.
The world of Math is strange. Can both be correct? Depends on how you are computing,
I usually do not 'toot' any ones horn not knowing them. Your post come off like you really know what is going on with Sprint. At this time I am going to believe you.
If longs don't sell too cheaply, shorts could be forced to pay $100/share. But this won't happen. mo
From my computations, SB owns 85%, insiders and institutions own a very big chunk leaving not too much over 100 million shares on the open mkt. It is reported that there are over 200 million shares sold short. This tells me if news is very good in the morning and the stock was to go up substantially on that news, the shorts then needing to buy share to fill there orders the price/share could go way up. Think about it.
As a rule, when the report is good, the news is released early: if the news is bad it is withheld as long as possible. Therefore at this time Papa Son says the news is good for Sprint, maybe not great but good.
Normally when a company reports earnings very early, it usually means at the least the results are on the favorable side. Maybe not great, but a long way from terrible. mo. I have my fingers crossed that it is good and start a big short squeeze. With the number of shorts compared to the number of shares on the open mkt-anything can happen.