Quote:
Originally Posted by guitardoc64
Even Better.
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Whatever
I bought Sprint @ 6.49, Doubled down around 3.6, bought more @ 1.50, and sold half when it went to 2.70 the other day. I think my cost basis is around 3.25.
Frankly I don't know how long Sprint can make it. They sell all their towers for 600 million and lease them back, they spinoff their wimax future so for all intents and purposes they are the largest MVNO out there
I only say this to warn others out there that there is alot of downside as well as upside even at this price of 2.0 . In fact to contnue the report that JimD started, the analyst believes Sprint will Underperform and fair market value is $1
Looking back, I shouldnt have bought stock in a company that would give me such a lucrative retentions deal.