12-28-2008, 12:29 AM
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Big MVP Diesel
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Location: PPCG/Redford, MI
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Join Date: Oct 2008
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Re: Bad news for Sprint...
Quote:
Originally Posted by jimd144
Dell used to say that too.
The difference with Dell and Sprint, is Sprint has boatloads of debt to counter all that cash you speak of, and Sprint is rated "junk."
Sprint has $4B in cash and $22B in debt. http://finance.yahoo.com/q/ks?s=S
How much interest do you think is paid at a bank when the fed rate is 0?
S Daily 1.69 0.11 6.96%
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Not a whole lot
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