Over 85% of Sprint common stock is owned by Softbank, insiders and institutions. Supposedly the assets: spectrum; wireless and stores are worth over $150 billion dollars and the pps is much less than$4/share. doesn't make sense. Think about it.
With so few of the float shares available on the open market plus the number of shares short, the pps logically should be in the $10 range. But as someone told me once upon a time the stock market is not a logical place. Think. Great news comes out and pps will go down, bad news comes out and the pps goes up. Doesn't make sense does it.
Take a look at the common stock. SB now owns 85%, institutions own a bunch and insiders own a bunch. Analyst have stated that Sprints assets are worth $50+ billion. Upper echelon mgt is working hard to turn this ship around. MO says there is less than 10% of the shares on the open mkt. Anything can send the pps down to the pennies or at the same time send the pps to $100. MO if you own S, I would hold it. I believe the pps will go in the 100 dollar direction before it will go in the penny direction.
Shorts, here we go. Trickle up a little today , much more tomorrow, WOW by Friday=close at $20/share. According to my Rare Romanian Gypsy Cut Glass Crystal Ball guaranteed by the King of the Romanian Gypsies......
My thought is there is much less than 15% of common stock available on the open market, this alone says the stock should be worth $20/share.
You remember what God did to the Titanic... Builders said it couldn't be sunk, sunk second night out.
Seems like some body knows something. Logic says the pps should be at 10+. SB, funds, insiders own most of this stock. Less than 10% of the float is on the open mkt. From what I have read.
Think about it. Papa Son owns just about 85%, insiders and funds own about 10%, this leaves just about 5% to be bought and sold on the open market. It has been posted that shorts are close to the 10%. Any kind of a great wobble pps could be force up to unbelievable prices. Think about it. I am long at this time.
An analyst a few months back predicted that the pps for TMUS will go to $72/share on its own. It appears that he may be just right. If Papa Son or Charlie or Comcast OR . . . . want to acquire it they will have to pay over $100, JMO. Assuming the world does not fall apart in the mean time.....
Give this man credit where credit is due. Read his posts carefully. His posts tell me his entire bank roll is invested in Sprint short. I could be wrong but . . . . Think about it. jmot
Narrow minded people think a little. The national debt is about 18 trillion dollars and growing. At the low today interest rate the interest is about 233 billion dollars/year. Let the interest rate go back up to a normal of about 6% and the interest will take up most of the money that the government collects in taxes. Hillary and Bernie both want to raise the debt to about 30 trillion dollars. What is ahead people, we are in big trouble. You need to think a little.
SB owns about 84%, insiders and funds own over 10% this does not leave very many shares on the open mkt to be sold and bought. PPS could easily go to 20/share. Think about it.