Closed @ $4.92
Closed @ $4.92
Last edited by 503ducati; 08-10-2012 at 06:09 PM.
Sprints iphone numbers are nice and steady, i expect 2.5-3.0 for iphone5 quarters
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Since Sprint is building its own LTE network, Sprint only needs Clear for the future where Sprint's own networks and spectrum are oversubscribed... Clear in the short and medium term is merely a secondary provider for Sprint, not even like it was with WiMax which was Sprint's only 4G offering. So Clear really needs to develop its own customer base beyond, way beyond, Sprint... something it has yet to do and there is no confidence that it can, despite all those "Yea! we just signed XYZ as a customer" announcements that never actually generate revenue...
The future I see likely for Clear is that it will tank and Sprint will take back at least its share (if not more) of the 2500 spectrum assets for another day... unless someone like Dish can buy them...
S has crossed over 5$.....Will probably dip back below at the close as folks will take some profits off @ 5$....
I still stand by my original statement S will be over 10$ by YE.
With the overall market breaking just about even today I don't think anyone expected this. $5.41 now (up over 8% on the day) with less than hour to go. Maybe Lenny's prediction is right!
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5$ was the physiological support level, once it crossed that Sprint's a long term play again....It's definitely going to 10$.....
It dipped below 5$ yesterday as long term holders of S in its 2$ days decided to take profits off the table....(I was a day early with that call)...now it has shot back above 5$ and probably won't see that floor again unless its a huge miss next earnings.
Sprint's stock surge sparks M&A speculation
The recent rise in Sprint Nextel's (NYSE:S) share price has stoked market speculation that the company could become a takeover target, or perhaps make an acquisition of its own. The past few weeks--since the carrier reported second-quarter earnings--have seen Sprint's share soar upward.
Maybe Sprint will be looking to buy Metro now!