S - Sprint Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
6.95
+0.28 (+4.20%)
At close: 4:03PM EDT

6.92 -0.03 (-0.43%)
After hours: 4:29PM EDT

Stock chart is not supported by your current browser
Previous Close6.67
Open6.90
Bid6.96 x 21500
Ask6.97 x 28000
Day's Range6.72 - 7.04
52 Week Range5.09 - 7.90
Volume34,136,178
Avg. Volume20,154,024
Market Cap28.344B
Beta (3Y Monthly)0.79
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2007-12-05
1y Target EstN/A
Trade prices are not sourced from all markets
  • Telecom firm no longer opposes Sprint/T-Mobile merger
    American City Business Journals2 hours ago

    Telecom firm no longer opposes Sprint/T-Mobile merger

    C Spire dropped out of a coalition of groups and companies opposed to the proposed merger of Sprint Corp. and T-Mobile US Inc.

  • AT&T Stock Looks Cheap Right Now, but Verizon Clearly Is a Better Buy
    InvestorPlace6 hours ago

    AT&T Stock Looks Cheap Right Now, but Verizon Clearly Is a Better Buy

    My InvestorPlace colleague Luke Lango recently laid out a compelling argument why AT&T (NYSE:T) is too cheap to ignore. Never a fan of AT&T, I've given his case the fair consideration it deserves. Lango's good at what he does and if he thinks AT&T stock is ready to pop, I ought to at least consider his argument.Source: Shutterstock In a nutshell, Lango views the pending green light of the merger between T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) as excellent news for AT&T because it removes a major price cutter from the wireless equation; a headwind that's weighed on T stock for some time. He goes on to say that AT&T's mobility business generates 40% of the company's revenue and 50% of its EBITDA. With one less competitor to deal with, it's likely that its EBITDA margins will move higher in the future due to less discounting in the mobility marketplace.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend Higher margins and revenue combined with dirt cheap financial metrics, and you've got the makings of a good value stock. For example, Lango points out it's got a 6.3% dividend yield, three times the average dividend yield for the market itself. In other words, you're getting paid handsomely to wait for T stock's revival. Also, its forward P/E and P/CF are both well below the market averages and its historical five-year average, making it hard to deny there's unlocked value in AT&T stock. What About Debt?Value isn't just about higher margins, less competitive headwinds, etc. It's also about the strength of the balance sheet. If I'm looking at two companies and one has a forward P/E and P/CF of 20 and 8, respectively, and the other has a forward P/E and P/CF of 15 and 6; based on a value supposition, I'm going to go for the latter stock every day of the week.However, if the latter stock's net debt was $168.9 billion in the most recent quarter or 71% of its market cap, and the former stock's net debt was $111.3 billion or 45% of its market cap, the extra leverage of the latter's stock makes the former a better value on a relative basis due to its superior balance sheet. The latter stock in this example is AT&T and the former is Verizon Communications (NYSE:VZ). The forward P/E and P/CF aren't those of the two wireless carriers. They were merely meant to illustrate why valuation metrics based on price don't always tell the entire story.The real metrics, according to Morningstar, are as follows:AT&T Forward P/E = 9.0Verizon Forward P/E = 12.5AT&T P/CF = 5.0Verizon P/CF = 7.1 The question for investors interested in AT&T stock is whether the 28% discount on the forward P/E and 30% discount on P/CF is worth it given AT&T uses significantly more leverage to generate its earnings and cash flow. Furthermore, Verizon currently yields 4.1%, which isn't bad for a company that utilizes far less leverage to pay for these dividends. Getting back to Lango's argument about the merger removing the discounting headwind from AT&T's sails, the same effect would apply to Verizon. AT&T might generate more free cash flow than Verizon, but it does it at the expense of the balance sheet. Furthermore, AT&T's cash flow as a percentage of revenue is virtually the same as Verizon's, which means it's not doing a better job generating cash flow than its biggest competitor. Is AT&T Stock Too Cheap to Ignore?If you're looking for less risk, Verizon is the better stock to buy.Sure, AT&T might have paid down $538 million in net debt (repayment less issuance) in the first quarter, but that's a drop in the bucket for a company with $169 billion in net debt. If you're an AT&T investor, you better hope that interest rates don't move higher, because if they do, it's in a whole heap of trouble. Value sometimes comes at a price. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post AT&T Stock Looks Cheap Right Now, but Verizon Clearly Is a Better Buy appeared first on InvestorPlace.

  • Telecom Stock Roundup: Qualcomm's Bypass Plans, T-Mobile's Merger Efforts & More
    Zacks7 hours ago

    Telecom Stock Roundup: Qualcomm's Bypass Plans, T-Mobile's Merger Efforts & More

    Qualcomm (QCOM) is expected to remain unaffected by the Huawei ban, while T-Mobile (TMUS) is leaving no stone unturned to win regulatory clearance for its merger with Sprint (S).

  • 3 Big Stock Charts for Thursday: Nordstrom, Cadence Design Systems and Under Armour
    InvestorPlace8 hours ago

    3 Big Stock Charts for Thursday: Nordstrom, Cadence Design Systems and Under Armour

    The bears pushed back, again, lengthening what has become some very indecisive action for stocks. The S&P 500's modest 0.28% slide wasn't terrifying, but it did represent another failed effort to crawl back above its key 50-day moving average line.Source: Allan Ajifo via Wikimedia (Modified)Qualcomm (NASDAQ:QCOM) led the way, tumbling almost 11% in response to reports that it has been found in violation of U.S. antitrust laws. Sprint (NYSE:S) wasn't far behind though, with its 7.6% setback after the Department of Justice recommended its impending merger with T-Mobile (NASDAQ:TMUS) be blocked.While not nearly as many, there were a handful of winners on Wednesday. Chief among them was Target (NYSE:TGT). Shares of the retailer rallied almost 8% yesterday on the heels of an encouraging Q1 print.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Names That Are Screaming Stocks to Buy None of those names are especially compelling trading prospects headed into today's session, however. Rather, it's the stock charts of Cadence Design Systems (NASDAQ:CDNS), Nordstrom (NYSE:JWN) and Under Armour (NYSE:UAA) that are worth the closer looks. Under Armour (UAA)Athletic apparel company Under Armour is a well-known brand, but years of expensive decisions caught up with the company in 2016. Nervous investors finally expressed their concern with a steep selloff.Under Armour finally started to work on its issues in 2017, and investors responded accordingly. That is, UAA stock began to rise again. A technical ceiling has taken shape in the meantime though, and while it's a clear problem, it's also a clear potential catalyst if it can be hurdled. And, the stock is catching a pretty healthy tailwind. Click to Enlarge * The technical ceiling in question is around $24.60, near where UAA has topped out several times since the middle of last year. That line is plotted in blue on both stock charts. * Although it hasn't been able to break above $24.60 yet, UAA has left behind a trail of higher lows. The most recent low was made by a push up and off the white 200-day moving average line, highlighted on the daily chart. * The tide is bullish, but there's a gap from last week that needs to be filled, and for Under Armour shares, volatility is the norm. Any breakout may not take shape straightaway. Cadence Design Systems (CDNS)Monday's tumble from Cadence Design Systems shares could have been chalked up as an effort to close the bullish gap left behind in April. Generally speaking, the market doesn't like to leave gaps unfilled. That selloff was a good start to that effort, even if it didn't actually touch that all-important April 22 low of $64.27.The gap still hasn't been filled either, as CDNS bounced a bit on Tuesday, and Wednesday's lull wasn't terribly devastating. The tendency to fill in gaps, however, may have done some other technical damage to Cadence Design Systems that will lead to more downside anyway. * The 7 Best Penny Stocks to Buy Click to Enlarge * The chief damage done is the move below the 50-day moving average line, plotted in purple on both stock charts. That line appears to be something of a technical ceiling now. * Underscoring the way the tide has turned is the volume surges behind Monday's and Wednesday's selloffs. * Zooming out to the weekly chart it's easy to see just how overbought CDNS was as of last month, and how vulnerable it was and still is to profit-taking. Shares rallied 70% from their December low to their early May high. Nordstrom (JWN)At first glance, Wednesday's big stumble from Nordstrom would be alarming. It has been one of the bigger victims of the so-called retail apocalypse, and shares have been underperforming for years. A disappointing Q1 only underscores that worry.Yet, a closer look at yesterday's 9.2% setback -- and the lead into it -- suggests that sharp loss may actually be something of a capitulation that ultimately turns into a buying opportunity. Click to Enlarge * Wednesday's bar was a doji, where the open and close are in the middle of the bar. This indicates that an equilibrium between the buyers and the sellers was met. The volume spike yesterday is also something often seen at key pivot points. * On the weekly chart, we can see JWN hit a new multi-year low, falling under 2016's low of just under $35. In many cases, traders are waiting to see prior lows met or exceeded before stepping back in. * Also on the weekly chart, it's clear that the RSI line doesn't stay in an oversold state for very long.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 3 Big Stock Charts for Thursday: Nordstrom, Cadence Design Systems and Under Armour appeared first on InvestorPlace.

  • DOJ's Delrahim still open to Sprint-T-Mobile deal: CNBC
    Reuters9 hours ago

    DOJ's Delrahim still open to Sprint-T-Mobile deal: CNBC

    The U.S. Department of Justice's antitrust chief, Makan Delrahim, is still open to T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, CNBC reported on Thursday. Reuters reported on ...

  • Reuters14 hours ago

    Nikkei drops as U.S.-China trade tensions hit tech shares

    Japan's Nikkei dropped on Thursday after renewed U.S.-China trade tensions dragged down technology shares, while index-heavyweight SoftBank Group fell more than 5 percent. TDK Corp dived 6.5%, Advantest Corp declined 2.6%, Tokyo Electron shed 2.5%, and Sony Corp slid 3.7%. "Investors are worried that the U.S. may put restrictions on more companies in the future, not just Huawei and Hikvision," said Takuya Takahashi, a strategist at Daiwa Securities.

  • Reuters18 hours ago

    Nikkei drops as U.S.-China trade tensions flare; Sprint sale doubt hits Softbank

    Japan's Nikkei dropped on Thursday morning after renewed U.S.-China trade tensions dragged down technology shares, while index-heavyweight SoftBank Group fell more than 5 percent. The Nikkei share average ...

  • U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say
    Reutersyesterday

    U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say

    The U.S. Justice Department's antitrust division staff has recommended the agency block T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter. While Justice Department staff balked at the merger, the Federal Communications Commission indicated on Monday it had reached an agreement in principle with the companies to allow the deal after the companies agreed to sell Sprint's prepaid brand Boost Mobile. The final decision on whether to allow two of the four nationwide wireless carriers to merge now lies with political appointees at the department, headed by antitrust division chief Makan Delrahim.

  • T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say
    Reutersyesterday

    T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say

    WASHINGTON/NEW YORK (Reuters) - Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Corp will likely lead to higher prices for the poorest Americans, many of whom use prepaid wireless plans, analysts and activists said. The more expensive prepaid plans, used by people who lack the good credit to qualify for a cheaper postpaid plan means low-income users will have less access to the internet for job hunts and job applications, and for children to do homework, activists say. T-Mobile and Sprint said on Monday they would sell Sprint's Boost Mobile business, which sells prepaid plans, and ensure that the divested company has access to a wireless network for six years.

  • Why Sprint Stock Isn’t a Gamble That’s Worth Taking
    InvestorPlaceyesterday

    Why Sprint Stock Isn’t a Gamble That’s Worth Taking

    Sprint (NYSE:S) continues to remain in limbo. Amid a merger in jeopardy and a disappointing earnings report, Sprint stock had fallen even as that of its buyer-in-waiting, T-Mobile (NASDAQ:TMUS), steadily rises. Sprint stock spiked higher on Monday as the Federal Communications Commission (FCC) appeared to green light the merger.Source: Shutterstock However, with the Department of Justice (DOJ) set to block the union, Sprint has again begun to fall. Worse, given the known state of Sprint's 5G network, one has to wonder if it can remain a viable entity without the help of T-Mobile. Given these conditions, Sprint stock offers no viable investment options for shareholders. FCC, DOJ on Opposing SidesSprint stock surged higher by almost 19% in Monday trading as FCC Chairman Ajit Pai gave his approval to the merger. Before this announcement, S stock traded more than 20% below the price T-Mobile guaranteed to Sprint shareholders if the deal took place. With FCC approval, much of that gap had closed.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, the stock fell back by more than 3% in Wednesday trading as antitrust staffers at the DOJ recommended blocking the deal. Now, political appointees within the DOJ must decide whether to file a suit to block the agreement. Most expect a final decision within a month. Whatever happens, it brings further uncertainty to a deal seen as both controversial and inevitable. Expect Some Kind of MergerInvestors need to understand that a merger will occur whether or not a merger occurs. The government can allow T-Mobile to buy Sprint's assets. It can also let Sprint decline. If Sprint folds, some or all of the remaining 5G players could buy Sprint's assets in the bankruptcy process. As my colleague Dana Blankenhorn suggests, they could also face better-heeled players such as Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) or Amazon (NASDAQ:AMZN) buying Sprint's assets. Hence, few in the telco industry will win if the DOJ blocks the deal. * 10 Names That Are Screaming Stocks to Buy Our own James Brumley spells out this case in greater detail. I agree with him that regulators know that the market may end up with only three 5G players regardless of their decision on the merger. Still, predicting if and when a deal occurs remains the challenge. Sprint Stock Is Not an InvestmentAs a result, Sprint stock has ceased to serve as an investment. Both the numbers and management's illustration of the network leave investors with few reasons to choose S stock over AT&T (NYSE:T) or Verizon (NYSE:VZ). CEO Michael Combes even declined to answer a question as to whether the company can offer nationwide coverage if the T-Mobile merger does not occur.By itself, this makes Sprint's 5G less valuable than that of its three direct peers. That bodes poorly for a company with $28.27 billion in book value and $36.28 billion in long-term debt.In fairness, the stocks of AT&T and Verizon also face their challenges. Due to the cost of a 5G buildout and other factors, both companies face heavy debt loads. In AT&T's case, a move into media content has placed further pressure on that equity. As a result, both stocks support low multiples.However, one can still classify those companies as investments. Lower stock prices have given both AT&T and Verizon some of the highest dividend yields in the S&P 500. Sprint cannot afford a payout at all. Moreover, both AT&T and Verizon have increased their payouts every year for decades. 5G will probably finance these dividend increases in the future. Hence, even if these equities remain somewhat depressed, they can still deliver shareholder return. A Deal Is the Only Hope for Sprint StockThe merger has become the only known possibility for Sprint stock to deliver further significant upside. Since holders of S stock will receive 0.10256 shares of T-Mobile stock, this translates into a purchase price of about $7.85 per share as of the time of this writing. With the current Sprint stock price of around $7 per share, that represents a premium of almost 12%. Without the deal, traders will probably watch Sprint become the Sears Holdings (OTCMKTS:SHLDQ) of the wireless industry as it gradually bleeds out. * 7 Athletic Apparel Stocks With Marathon Pace In the end, we do not know what regulators will do. Hence, I mostly agree with my colleague Vince Martin that Sprint stock has become a gamble. However, I see this as a poor gamble, as we do not know when government regulators will make their final decision. The Bottom Line on Sprint StockSprint stock offers little hope for investor returns outside of the formal approval of the T-Mobile merger. Given its financial condition, Sprint will struggle to build a nationwide 5G network without some help. Hence, a takeover of some kind will likely occur regardless of what regulators may think.This leaves holders of Sprint stock with only gambling instead of investing options. They either bet on government approval, or they witness an almost-certain drop into penny-stock status. With the FCC and DOJ at cross purposes, what will happen is anyone's guess.People who want to gamble might have better luck (and certainly more fun) at a blackjack table. Those who wish to invest will likely see higher returns in the equities of AT&T, Verizon or that of their prospective suitor.As of this writing, Will Healy did not hold a position in any of the aforementioned securities. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Why Sprint Stock Isn't a Gamble That's Worth Taking appeared first on InvestorPlace.

  • Reutersyesterday

    U.S. Justice Dept staff recommends blocking T-Mobile-Sprint deal, sources say

    The U.S. Justice Department's antitrust division staff has recommended the agency block T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter. While Justice Department staff balked at the merger, the Federal Communications Commission indicated on Monday it had reached an agreement in principle with the companies to allow the deal after the companies agreed to sell Sprint's prepaid brand Boost Mobile. The final decision on whether to allow two of the four nationwide wireless carriers to merge now lies with political appointees at the department, headed by antitrust division chief Makan Delrahim.

  • Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner
    InvestorPlaceyesterday

    Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner

    Telecom heavyweights T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) captured headlines and received a big lift in the markets. In a stroke of good fortune, Federal Communications Commission chairman Ajit Pai recommended approving their $26 billion merger. But as great as this news is for TMUS and Sprint speculators, sector giant Verizon (NYSE:VZ) stock also received much love.Source: Via FlickrGranted, the scale is completely different. T-Mobile shares jumped nearly 4% on the news, while Sprint went berserk, gaining almost 19%. On the other hand, the VZ stock price increased a modest 1.6%. It was a similar tale with telecom leader AT&T (NYSE:T), which eked out a 1.2% single-day profit.But why would this merger help either AT&T or Verizon stock? The combined T-Mobile-Sprint entity will have a wireless-subscription base of 125 million customers. AT&T won't feel immediately threatened with their 148 million subscribers. But Verizon has 118 million subs, which would put it last in this three-way race.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNevertheless, it's important to recognize market sentiment here. Despite the sudden presence of a third stalwart in the mix, the VZ stock price went up, not down. I don't think this swing, albeit a small one, is an anomaly.For one thing, Verizon is the dominant leader in the 4G network, with 70% coverage. There's quite a gap from there to T-Mobile in the number-two slot, with 59%. Plus, VZ delivered the world's first 5G service, giving it a leg up on the competition. That's one reason not to worry about Verizon stock. * 7 High-Yield REITs to Buy (Even When the Market Tanks) The other reason is customer loyalty. Here, T-Mobile wins but Verizon holds a strong second. Combined with the coverage-advantage, VZ stock is compelling. VZ Stock Is Fundamentally Critical to National InterestsBut for me, the overriding factor supporting the bull case for Verizon stock is the ultra-long-term national interest. Pai listed out his agency's top goals during the merger-approval announcement, stating, "Two of the F.C.C.'s top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity."I don't think you can overemphasize this point: the U.S. must win the technology race if it wants to maintain its global economic and military dominance. Our fiercest adversaries, China and Russia, already have strategized their vision that extends decades. Based on the priorities of the President Donald Trump administration (ie. the wall), we may be desperately behind.Therefore, it's critical that we not only build out our 5G network, but that we decisively lead the sector. Obviously, with Verizon taking that key first step, this embodies the leadership our government wants and needs. You can easily expect support at the highest level, which bodes extremely well for the VZ stock price.Really, it's the same argument for AT&T. Recently, I mentioned that T shares represent more than a mere investment. When you have Russian President Vladimir Putin essentially stating that he's going to do his level best to win in artificial intelligence, these telecom giants immediately take on more significance.With AT&T or Verizon stock, you don't need to get complicated: we have to win and win bigly in 5G. This groundbreaking platform is the backbone of all technologies of tomorrow. If we're going to do anything -- be it AI, automation, or robotics -- we must implement the best telecommunications network.I would say that anything short of that jeopardizes national security because the pace of innovation is exponential. Verizon Stock or AT&T?If you've decided to invest in telecom -- and it's a very wise decision -- you now have a choice: assuming you're going with the leaders, do you pick Verizon stock or AT&T?Both names are similar in their size, fundamental importance and potential reach. While some analysts may swing one way or the other, I think it comes down to risk tolerance.Obviously, AT&T carries more risk because it has much more debt than VZ stock. That said, I'm more convinced that the former has made relatively smarter choices in their acquisitions. For instance, while the DirecTV buyout has not panned out well, it has some possibility of at least breaking even.I say that because streaming isn't a complete panacea. It has drawbacks, such as requiring expensive high-speed internet, and limited access in remote areas. On the other hand, Verizon buying out assets like Yahoo probably has no chance of redemption.Still, Verizon stock is on paper the safer way to go. Based on how critical 5G technology is and will be, you can't go wrong with either giant.As of this writing, Josh Enomoto is long AT&T stock. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner appeared first on InvestorPlace.

  • Sprint, T-Mobile Fall on Report That DOJ Staff Opposes Deal
    Bloombergyesterday

    Sprint, T-Mobile Fall on Report That DOJ Staff Opposes Deal

    The staff’s opposition, reported by Reuters, may influence the opinion of the department’s antitrust chief, Makan Delrahim, who has the ultimate say on whether to oppose the $26.5 billion deal. Bloomberg News reported earlier this week that Delrahim is leaning against the transaction, citing a person familiar with the matter. Sprint fell as much as 4.2% in New York trading Wednesday, while T-Mobile fell as much as 1.2%.

  • Motley Foolyesterday

    FCC Chairman Ajit Pai Recommends Approval of T-Moble/Sprint Merger

    The market had been treating this like a coin toss. Now, optimism reigns.

  • American City Business Journals2 days ago

    Analyst: 'T-Mobile will do whatever it takes' to get Sprint deal approved

    The DOJ wants to extract more concessions from T-Mobile, according to an industry analyst, and the company's leadership have personal incentives to make it happen.

  • Former Risk Arbitrageur to CEOs: Keep Your Friends Close and Your Arbs Closer
    CorpGov.com2 days ago

    Former Risk Arbitrageur to CEOs: Keep Your Friends Close and Your Arbs Closer

    Edelman Senior Vice President Ira Gorsky From Anadarko’s sale to Occidental to T-Mobile’s purchase of Sprint to Bristol Myers Squibb’s acquisition of Celgene, big deals on Wall Street often put shares in the hands of an unfamiliar investor: the risk arbitrageur, or Arb. In the article below for CorpGov, Edelman Senior Vice President Ira Gorsky […]

  • Motley Fool2 days ago

    A Tale of 2 Acquisitions, With High Drama in Mergerland

    A key name gave his blessing to the T-Mobile/Sprint deal, while CBS announced a bid to scoop up a premium cable network.

  • T-Mobile and Sprint Appear to Secure Third FCC Vote, but Antitrust Concerns Linger
    Motley Fool2 days ago

    T-Mobile and Sprint Appear to Secure Third FCC Vote, but Antitrust Concerns Linger

    The companies still expect the deal to secure federal regulatory approval within weeks.

  • The Sprint Stock Rally Means Nothing With No T-Mobile Merger
    InvestorPlace2 days ago

    The Sprint Stock Rally Means Nothing With No T-Mobile Merger

    Until FCC chair Ajit Pai spoke on May 20, Sprint (NYSE:S) stock had been stuck at $6 for over a year. That's because in April, 2018, T-Mobile (NASDAQ:TMUS) offered $6.62 per share to buy it. The all-stock deal was struck with T-Mobile at $64.52 per share. At the May 17 opening price of $75.38 for TMUS, the buyout is now worth $7.73 per share.Source: Shutterstock But none of that matters if the deal isn't done. Sprint was practically begging regulators to sign off on it in its latest quarterly report. On May 21 there are conflicting reports about the Department of Justice's attitude, some saying it's a yes, others a no.Pai's signal that he would support the merger S stock up more than 20% as trading opened yesterday, and it kept most of those gains, closing at $7.34. But T-Mobile also rose, so Sprint's value on May 21 is over $8 if the buyout goes through.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sprint Without T-MobileSprint lost 189,000 postpaid subscribers during its most recent quarter, along with $2.17 billion, 53 cents per share. It's the kind of news most companies bury in a press release. Sprint highlighted it. * 7 Battery Stocks for High-Powered Gains Without T-Mobile, Sprint still generated $10.4 billion in operating cash flow during fiscal 2019, ending the year with over $7 billion in cash. Sprint also reduced its debt by $2 billion during the year, to $35.36 billion, against assets of $84.1 billion.The problem is that Sprint must invest heavily to justify its spectrum investment and prepare for 5G. The company spent nearly $5 billion on the network during the year, up from $3.3 billion, so total free cash flow for the year was negative $914 million.InvestorPlace's Chris Lau notes that this means the company's plan for installing smaller cells on phone poles instead of leased towers continues. Some 30,000 have been deployed so far, meaning 80% of its precious 2.5 MHz spectrum is now sectorized in this way.But most analysts are taking the company line that Sprint's prospects are grim unless the deal gets done. Comcast (NASDAQ:CMCSA), which has been selling WiFi-based mobile under its Xfinity brand, could step in, but probably at a lower price than T-Mobile is paying.Sprint made other mistakes during the last decade, going with WiMAX technology instead of LTE for 4G service, writing off $30 billion in shutting the old Nextel network, and sitting out the 600 MHz auction in 2016, leaving it without low-band spectrum.If the deal is cancelled, some see the stock going to $3. T-Mobile Without SprintWithout Sprint, T-Mobile still looks healthy. Its own quarterly report showed net additions of 1.7 million and net income of $908 million, $1.06 per share, on revenues of $11.08 billion. T-Mobile also cut its long-term debts during the year, from $12.1 to $10.95 billion, and reported positive free cash flow of $618 million.But many of T-Mobile's expansion plans have been frozen in place by the merger, whose deadline was extended again at the end of April. The Justice Department said only "the investigation continues" and merger opponents said the companies haven't shown it to be in the public interest.Odds that the deal goes through are now little more than 50-50 even though T-Mobile is already handing out big chunks of stock to executives in anticipation. Who Else?My guess is that, after a few drinks, you'll find AT&T (NYSE:T) and Verizon Communications (NYSE:VZ) lobbyists chortling over this. The failure of this merger to launch would leave them each holding one-third of the U.S. wireless market, a dominant position against two much-smaller rivals.On the other hand, if the deal is rejected a larger company, like Alphabet (NASDAQ:GOOGL) or Amazon (NASDAQ:AMZN), could decide Sprint is cheap at $12 billion, its market cap at $3 per share. That would make the phone giants choke on those chortles. Despite their size and financial strength compared with Sprint and T-Mobile, the phone giants are tiny next to the likes of FANG. * 7 Stocks to Buy for Over 20% Upside Potential But you can't invest in fantasy. I will stay away from Sprint until there's more clarity. The best news is clarity should come soon.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL and AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post The Sprint Stock Rally Means Nothing With No T-Mobile Merger appeared first on InvestorPlace.

  • Why the Outlook of AT&T Stock Just Became Brighter
    InvestorPlace2 days ago

    Why the Outlook of AT&T Stock Just Became Brighter

    AT&T (NYSE:T) stock has struggled over the past several years as the telecommunications giant has been weighed down by a plethora of headwinds, including cord-cutting, wireless price competition, stagnating streaming growth, and a rising debt load.Source: Shutterstock T stock peaked near $45 in mid-2016. Ever since, AT&T stock has been down and out. Today, the shares trade hands at prices that are more than 25% below those peak 2016 levels. * 7 Stocks to Buy for Over 20% Upside Potential But T stock scored a huge win recently. The proposed merger between wireless peers T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) looks like it will receive regulatory approval after FCC Chairman Ajit Pai told Bloomberg that, in light of their recent concessions, he is going to recommend that his colleagues approve the merger.That's a big win for T stock. Wireless price competition has been a huge headwind for AT&T stock, especially wireless price competition from T-Mobile and Sprint. Both of those companies have compensated for often worse coverage than AT&T and Verizon (NYSE:VZ) with aggressive price cutting. Now, those two aggressive price cutters are combining. That means the wireless telecom industry will have one less overly aggressive price cutter, indicating that price competition across the whole industry will decline.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs a result, the margins and stability of AT&T's core wireless business will improve. That's a big deal for T stock because the company's mobility business generated about 40% of its revenues last year. As the revenue and margin trends of that huge business rebound over the next several quarters, T stock should rally from today's depressed base. AT&T's Mobility Trends Should ImproveAT&T has always been a really large company with a lot of moving parts. After its recent acquisition of Time Warner, its business got even bigger, with even more moving parts. Among the company's businesses are wireline. entertainment. HBO, the Turner stations., Warner Bros studio and its international assets.But its most important holding is still its mobility business, which generates about $70 billion of revenue and about $30 billion of EBITDA each year. Mobility represents roughly 40% of AT&T's revenues and over 50% of its EBITDA. Thus, integral to the success of AT&T stock is the success of AT&T's mobility business.The mobility business has done just fine over the past several years, adding several thousand wireless subscribers each year and gradually expanding its EBITDA margins from the mid-30's earlier this decade to the lower-40's last year.But this business has been held back by stiff competition. Specifically, the price discounts of T-Mobile and Sprint have become tremendously aggressive over the past few years, inevitably creating somewhat of a drag on AT&T's subscriber growth and margins. That's because some of AT&T's customers are fleeing to Sprint and T-Mobile, while AT&T has tried to stymie that trend by cutting its prices.That era is officially over. T-Mobile and Sprint will likely become one combined company in the near future, meaning that there will be one less overly aggressive price cutter in the market. Thus, going forward, AT&T's mobility trends should improve. In other words, the business' EBITDA margins should move materially higher, driven by less steep discounting.As those margins improve, AT&T stock price should rally. AT&T Stock Is Too Cheap to IgnoreIn a nutshell, T stock is simply too cheap to ignore, and any and all operational improvements at these valuation levels should spark a sizable rally in AT&T stock price.Here are the valuation metrics of AT&T stock: * Forward price-earnings multiple of nine, miles below the market's average forward multiple of 16 and the stock's five-year average forward multiple of 12. * Dividend yield of 6.3%, miles above the market yield of roughly 2% and the stock's five-year average yield of 5.4%. * Trailing price-cash flow multiple below five, also well below the market's average cash flow multiple of 13 and the stock's five year average cash flow multiple of nearly 6.AT&T stock price is dirt cheap, with a single-digit forward earnings multiple, a 6% yield, and a cash flow yield above 20%. This stock is too cheap to ignore any operational improvements, especially any improvements by the all important mobility business. Thus, if AT&T's mobility business materially improves over the next few quarters, T stock should subsequently rise. The Bottom Line on T StockThe fundamentals underlying AT&T have been challenged by non-cyclical headwinds for the past several years, and as a result, T stock now trades at dirt-cheap valuation levels. Indeed, AT&T stock price is so cheap that any and all operational improvements by AT&T should spark a meaningful rally by T stock.Over the next few quarters and years, AT&T's most important business - its mobility unit - could substantially improve. As it does, T stock should rise. The increases of AT&T stock price, on top of a 6%-plus yield, should make the returns of T stock attractive over the course of the next few quarters.As of this writing, Luke Lango was long T, TMUS, and S. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Why the Outlook of AT&T Stock Just Became Brighter appeared first on InvestorPlace.

  • Wall Street Weighs the Chances of Sprint Deal With FCC and DOJ at Odds
    Bloomberg2 days ago

    Wall Street Weighs the Chances of Sprint Deal With FCC and DOJ at Odds

    As a presidential election draws near, a politically charged environment for a deal of this magnitude presents some concern for Raymond James analyst Ric Prentiss. Shares in T-Mobile and Sprint are are down 0.7% and 1.7%, respectively.

  • Tuesday’s Vital Data: Sprint, Alibaba and Apple
    InvestorPlace2 days ago

    Tuesday’s Vital Data: Sprint, Alibaba and Apple

    U.S. stock futures are trading higher this morning.Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.59%, and S&P 500 futures are higher by 0.57%. Nasdaq-100 futures have added 0.79%.In the options pits, call and put activity ended the day on equal footing, while overall volume fell to average levels. Specifically, about 16.2 million calls and 16 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe relative calm made an impact at the CBOE, where the single-session equity put/call volume ratio dropped to 0.65 -- a three-week low. Meanwhile, the 10-day moving average inched higher to 0.72.Options activity was hot in the following three stocks: Sprint (NYSE:S), Alibaba (NYSE:BABA) and Apple (NASDAQ:AAPL). Let's take a closer look: Sprint (S)Traders swarmed telecom stocks after the Federal Communications Chairman, Ajit Pai, said he's in favor of the $26.5 billion merger between Sprint and T-Mobile (NASDAQ:TMUS) that was announced in 2018. After a volatile intraday ride, S stock ended the day up 18.8%. TMUS gained 3.87%. Verizon (NYSE:VZ) and AT&T (NYSE:T) joined the rally, though their gains were pared significantly by the closing bell. * 7 ETFs for Healthy Healthcare REITs With the surge, Sprint now sits at an eighteen month high. Before the pop, the stock was stuck in a sloppy range. Time will tell if a bona fide trend emerges. Until then, I suggest patience for Monday's gap to be digested and a better pattern to emerge.On the options trading front, puts surprisingly ruled the roost. Activity rocketed to 622% of the average daily volume, with 185,578 total contracts traded; 75% of the trading came from put options alone.With the resolution of the proposed merger now seemingly priced in, implied volatility dropped on the session to 93%. That places it at the 51st percentile of its one-year range. Premiums are pricing in daily moves of 43 cents or 6%. Alibaba (BABA)Trade war jitters already had Alibaba shares on the ropes, but a nasty earnings report from Chinese internet giant, Baidu (NASDAQ:BIDU) delivered the knockout blow. The losses in BABA stock since peaking last month have now grown to 18%, placing the company's shares a stone's throw from bear market territory.Yesterday's 5.3% drubbing was enough to push the stock back below its 200-day moving average for the first time since February. With it now pushing into oversold territory, a rebound may be in the cards, but it has high odds of failing. If anything a pop back toward $170 or $175 should be eyed as a potential shorting opportunity.As far as options trading goes, calls won the day by a slim margin. Total activity grew to 191% of the average daily volume, with 383,956 contracts traded. Calls accounted for 54% of the tally.The increased demand drove implied volatility higher on the day to 35% placing it at the 28th percentile of its one-year range. Premiums are now baking in daily moves of $3.56 or 2.2%. Apple (AAPL)Apple is another victim of the latest round of tariff-induced trauma. In a client note, Credit Suisse highlighted the threat that further deterioration in the trade war poses to Apple earnings for 2019. With Greater China contributing 20% to the company's 2018 revenue and operating profit, the health of its economy is of utmost importance to Apple earnings.The recent drop in AAPL stock has it trading below all major moving averages. Watch for a break back above $192.50 resistance to signal that the short-term downtrend is reversing and bears have officially been evicted from the premises.On the options trading front, traders favored puts over calls. Activity held steady at 100% of the average daily volume, with 582,288 total contracts traded. Puts claimed 51% of the day's take.Implied volatility lifted to 33% or the 51st percentile of its one-year range. The expected daily move now stands at $3.76 or 2.1%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Tuesday's Vital Data: Sprint, Alibaba and Apple appeared first on InvestorPlace.

  • Company News For May 21, 2019
    Zacks2 days ago

    Company News For May 21, 2019

    Companies In The News Are: TMUS, S, LM, SATS, DISH, GOOGL