Jump to content

General Investing Forum

centermedic

By centermedic
in General Topics

 Share

Recommended Posts

DanielB Member Level: 3G EVDO

DanielB

Posted
Posted

Sprint's positive earnings report and reassurance that network upgrades will not disrupt service is still not enough to stop the negative Nancys

 

Run, Don't Walk Away From Sprint http://seekingalpha.com/article/3834466?source=ansh $S, $T, $VZ

 

Boy, do I want to punch that idiot (Seeking Alpha contributor) square in the face. Same for anyone affiliated with Re/code. If this idiot has been covering telecom for 30+ years, he hasn't been doing a great job - that is for sure.

  • Like 1
Link to comment
Share on other sites
  • Replies 644
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

JimBob
JimBob
WiWavelength
WiWavelength

Damn those hooligan kids and their spray paint cans!     AJ

sbolen
sbolen

My broker thought it was dumb when I bought another 900 shares. Long-game, baby.   Apple was once "doomed," too.

Rawvega Member Level: 4G LTE

Rawvega

Posted
Posted

Boy, do I want to punch that idiot (Seeking Alpha contributor) square in the face. Same for anyone affiliated with Re/code. If this idiot has been covering telecom for 30+ years, he hasn't been doing a great job - that is for sure.

 

From reading his takes on S for several years I can confidently say that Dana Blankenhorn is the Craig Moffett of Seeking Alpha. Good for a laugh, but not to be taken seriously.

  • Like 2
Link to comment
Share on other sites
Ascertion Member Level: LTE Advanced

Ascertion

Posted
Posted

Honest question, and I'd love to ask this to other investors that are rating the stock poorly...

 

Sprint's spectrum position right now is worth more than the company, itself.  Why is the stock so heavily undervalued?  Sprint can literally sell off their B41 assets to pay off close to the company's entire debt (if not all of it.) 

Link to comment
Share on other sites
nick Member Level: 1x Advanced

nick

Posted
Posted

Honest question, and I'd love to ask this to other investors that are rating the stock poorly...

 

Sprint's spectrum position right now is worth more than the company, itself.  Why is the stock so heavily undervalued?  Sprint can literally sell off their B41 assets to pay off close to the company's entire debt (if not all of it.) 

honest answer, stocks don't always trade in line with the value of it's assets less debt.  The market isn't always right, that is where you, or I can step in buy shares and make some money.  I use the term value loosely because its impossible to say exactly how much money sprint's spectrum is worth on its own.  look at a company like yahoo, it's market cap is almost less than the value of it's shares of Alibaba.  Is yahoo by it's self worthless?  Because right now yahoo is trading like its core business is worth less than $0.  yahoo market cap 28.82, current approximate Alibaba stake $30 billion. 

  • Like 4
Link to comment
Share on other sites
DanielB Member Level: 3G EVDO

DanielB

Posted
Posted

honest answer, stocks don't always trade in line with the value of it's assets less debt.  The market isn't always right, that is where you, or I can step in buy shares and make some money.  I use the term value loosely because its impossible to say exactly how much money sprint's spectrum is worth on its own.  look at a company like yahoo, it's market cap is almost less than the value of it's shares of Alibaba.  Is yahoo by it's self worthless?  Because right now yahoo is trading like its core business is worth less than $0.  yahoo market cap 28.82, current approximate Alibaba stake $30 billion. 

 

^^ This. And - no one really knows the value of the 2.5 GHz spectrum. Could be a lot - could be a little. One thing to keep in mind is that for there to be value there'd have to be a buyer. And the other carriers are all leveraged to the hilt, as well.

  • Like 2
Link to comment
Share on other sites
luvixuha Member Level: iDEN *chirp*

luvixuha

Posted
Posted

^^ This. And - no one really knows the value of the 2.5 GHz spectrum. Could be a lot - could be a little. One thing to keep in mind is that for there to be value there'd have to be a buyer. And the other carriers are all leveraged to the hilt, as well.

 

IIRC, Sprint carries their spectrum on the books at around $40B. That includes 800 and PCS, but if you dug out old financials pre-clearwire you could probably figure out how much is 2.5GHz based on how much the rest was... or get a ballpark.

Link to comment
Share on other sites
WiWavelength Member Level: LTE Advanced

WiWavelength

Posted
Posted

IIRC, Sprint carries their spectrum on the books at around $40B. That includes 800 and PCS, but if you dug out old financials pre-clearwire you could probably figure out how much is 2.5GHz based on how much the rest was... or get a ballpark.

 

Any separate BRS/EBS spectrum valuation would be just a ballpark figure.  Spectrum value fluctuates with ongoing FCC auctions and other license/lease transactions.

 

AJ

Link to comment
Share on other sites
DanielB Member Level: 3G EVDO

DanielB

Posted
Posted

IIRC, Sprint carries their spectrum on the books at around $40B. That includes 800 and PCS, but if you dug out old financials pre-clearwire you could probably figure out how much is 2.5GHz based on how much the rest was... or get a ballpark.

 

But that's beside the point. The real value simply isn't known. Again, the other major carriers are too debt-laden to purchase Sprint's 2.5 GHz spectrum at this point (besides having no interest in doing so), which definitely decreases the market value. If there were widespread interest in the spectrum by other players, that would increase the value.

Link to comment
Share on other sites
spotmeterf64 Member Level: 1x Advanced

spotmeterf64

Posted
Posted

But that's beside the point. The real value simply isn't known. Again, the other major carriers are too debt-laden to purchase Sprint's 2.5 GHz spectrum at this point (besides having no interest in doing so), which definitely decreases the market value. If there were widespread interest in the spectrum by other players, that would increase the value.

 

 

Something is only worth what somebody else will pay. 

  • Like 2
Link to comment
Share on other sites
DanielB Member Level: 3G EVDO

DanielB

Posted
Posted

Something is only worth what somebody else will pay. 

 

Exactly!! I wouldn't trust Sprint's estimate of what the spectrum is worth - not because I think they're lying, but because I think there may not be a buyer unless it's a lot cheaper.

Link to comment
Share on other sites
nick Member Level: 1x Advanced

nick

Posted
Posted

Exactly!! I wouldn't trust Sprint's estimate of what the spectrum is worth - not because I think they're lying, but because I think there may not be a buyer unless it's a lot cheaper.

I am not sure about "a lot cheaper" I think many carries would love to have this spectrum at what price is hard to say but i think it hold significant value.  this seems like ancient history but ill post it any way, the merger of sprint and clearwire scared the pants of att and Verizon when it was announced.

http://muniwireless.com/2008/07/25/att-challenges-clearwire-sprint-merger/  

 

Verizon:

 "The combined company will have access to an average of 150 MHz of spectrum in the top 100 markets and an average of

100 MHz in areas outside of the top 100 markets – making it the largest spectrum holder in the Unites States. The merger of ALLTEL and Verizon Wireless will enable Verizon Wireless to compete more effectively with this significant new player."

 

AT&T:

"Our attached FCC filing shows that the combined company will become the largest holder of licensed and leased mobile spectrum of any other carrier, have a service that will be commercially available later this year, have financial backing from Google, Intel, and three of the nation’s largest cable television companies and be fully capable of substantially impacting competition in the mobile communications market."

 

now obviously that article was from 2008 final acquisition made on  July 09, 2013

Verizon and att still exist as the larges players in the space, they win more network awards than sprint.  However the statements from all those years ago still hold true, the spectrum holdings are of great strategic value and hopefully sooner rather than later the fears of ATT and Verizon will be realized.  It has been a long road for sprint, it has required more time and money than anyone could have imagined back then but the ground work has been laid, the bulk of network vision is complete.  Now with NGN they will expand on what already exists, deployment of additional spectrum will become quicker and less expensive than at any other point in sprints history.  If they get full backing from soft bank, municipalities and equipment vendors this network could change very very quickly for the better.  As always the job is sprint's to either hit it out of the park or fumble the execution, only time will tell but the path is clearer than ever and the foundation is..... for once, solid.          

  • Like 2
Link to comment
Share on other sites
utiz4321 Member Level: 4G WiMax

utiz4321

Posted
Posted

I don't get this at all. SoftBank has a nearly 100 billion in debt. To borrow money and pay interest on it to buy back stock, an act that doesn't offer a return on the borrowed money, seems short sighted.

 

 

Sent from my iPhone using Tapatalk

Link to comment
Share on other sites
WillM Member Level: 1x Advanced

WillM

Posted
Posted

I don't get this at all. SoftBank has a nearly 100 billion in debt. To borrow money and pay interest on it to buy back stock, an act that doesn't offer a return on the borrowed money, seems short sighted.

 

 

Sent from my iPhone using Tapatalk

I think Japan has gone completely crazy and has almost negative interest rates so why not borrow? Plus I assume they think the shares are undervalued.

Link to comment
Share on other sites
utiz4321 Member Level: 4G WiMax

utiz4321

Posted
Posted

I think Japan has gone completely crazy and has almost negative interest rates so why not borrow? Plus I assume they think the shares are undervalued.

At some point they have to pay back the principle+ a small amount of interest. If their share are undervalued (which they are now worthless than softbank's stake in alibaba so maybe) than I still don't see what this gets them unless they pay dividends which I don't know if they do or not.

 

 

Sent from my iPhone using Tapatalk

Link to comment
Share on other sites
Overstew Member Level: 1x Advanced

Overstew

Posted
Posted (edited)

At some point they have to pay back the principle+ a small amount of interest. If their share are undervalued (which they are now worthless than softbank's stake in alibaba so maybe) than I still don't see what this gets them unless they pay dividends which I don't know if they do or not.

 

 

Sent from my iPhone using Tapatalk

I guess they value analyst opinion more than the interest they're incurring by buying the stocks back. However, this did not help Sprint stock a lot here so I'm not sure what kind of effect it'll have in the Japanese market. Edited by Overstew
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • large.unreadcontent.png.6ef00db54e758d06

  • gallery_1_23_9202.png

  • Posts

    • Wiley_11
      Keep a Word, Drop a Word #7

      By Wiley_11 · Posted

      bubble butt  
    • dkyeager
      Official Tmobile-Sprint merger discussion thread

      By dkyeager · Posted

      T-Mobile has saved its 28Mhz mmWave licenses by using the point to point method to do environment monitoring inside its cabinets. The attachment below shows the antennas used: https://wireless2.fcc.gov/UlsApp/ApplicationSearch/applAdmin.jsp;JSESSIONID_APPSEARCH=LxvbnJuvusmIklPhKy6gVK7f9uwylrZ8LiNf3BqIKlDp3_5GxoBr!300973589!225089709?applID=14787154#   Here are the sites for Franklin county OH: https://wireless2.fcc.gov/UlsEntry/attachments/attachmentViewRD.jsp?applType=search&fileKey=66518254&attachmentKey=21989782&attachmentInd=applAttach
    • wispiANt
      Network Vision/LTE - New York City Market

      By wispiANt · Posted

      Yep, there is a label on the side of the box but it doesn't provide any useful info that the city doesn't already provide (Crown Castle Solutions is the franchisee). You can see my graphical interpretation of the city's dataset here.
    • dkyeager
      Official Tmobile-Sprint merger discussion thread

      By dkyeager · Posted

      T-Mobile UScellular agreement links from SEC filings: https://www.sec.gov/ix?doc=/Archives/edgar/data/821130/000110465924065665/tm2415626d2_8k.htm Look inside for main link. Credit mdav-dos1 on reddit
    • chamb
      Official Tmobile-Sprint merger discussion thread

      By chamb · Posted

      Totally agree.  In my county and surrounding counties, TM did not place n-41 on every site.  When I look at the sites in question, I probably would have not placed it there either.  I can find just a few with n-71 only and in most of those cases if you live there and know the probable usage of the residents, you would not do a full upgrade on those sites.  One site in particular is set up to force feed n-71 through a long tunnel on the Turnpike.  No stopping allowed in the tunnel. No stores, movie theaters, bathrooms, so n41 would be a waste.    n25 is not really needed either, so it is not there.  The tunnel is going through & under a mountain with more black bears than people.  TM was smart.  Get good coverage in the tunnel but do not waste many many thousands of dollars with extra unused spectrum. I also see sites with only n71 & n25.  Again this makes sense to me.  Depending on what county we are talking about, they moved much of their b25 from LTE to nr.  Some counties have more n25 than a neighboring county, but luckily, it is plenty everywhere.   When you are in a very rural area, n41 can run up the bills and then be barely used.  I am NOT finding sites that should have had n41 but TM failed to provide it.  They may have to come back later in a few years and upgrade the site to n41.  However, we just may eventually see the last little piece on Band 25 leave LTE and move to n25. I am not sure if the satellite to phone service is using band 25 G block as LTE or nr. We also can possibly have at least some AWS move from LTE to nr at some point.  Yes, everybody wants n41. it is not justified in some cases.  When I travel, I desire some decent service along the entire route but it does not have to be 1 or 2 gig download.   If I can get 50/5 on a speedtest with data that will flow and not stutter, I am very happy. Yes, they will swap out the USC gear.  TM needs to match their existing network. The USCC equipment did the job for years, but it is time to retire it.

  • Recently Browsing

    • No registered users viewing this page.
×
×
  • Create New...