Bad news for Sprint...

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Bad news for Sprint...

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#11 (permalink)

12-26-2008, 10:17 PM

jimd144

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Re: Bad news for Sprint...

Quote:

Originally Posted by BigDiesel07

No.. It has a couple billion in cash on hand.. Even if they don't use it, it is drawing interest... It will be good at least a year.. If a year from now they are in the same situation with no cash reserves, then they can be checked into Hospice...

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%

Last edited by jimd144; 12-26-2008 at 10:21 PM.

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