DanielB Posted January 26, 2016 Share Posted January 26, 2016 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. 1 Quote Link to comment Share on other sites More sharing options...
Rawvega Posted January 27, 2016 Share Posted January 27, 2016 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. 2 Quote Link to comment Share on other sites More sharing options...
EvanA Posted January 27, 2016 Share Posted January 27, 2016 Sprint up 2.3% as Oppenheimer upgrades to Neutral http://seekingalpha.com/news/3056456?source=ansh 5 Quote Link to comment Share on other sites More sharing options...
Ascertion Posted January 27, 2016 Share Posted January 27, 2016 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.) Quote Link to comment Share on other sites More sharing options...
nick Posted January 27, 2016 Share Posted January 27, 2016 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. 4 Quote Link to comment Share on other sites More sharing options...
DanielB Posted January 27, 2016 Share Posted January 27, 2016 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. 2 Quote Link to comment Share on other sites More sharing options...
EvanA Posted February 1, 2016 Share Posted February 1, 2016 Here we go again. Sprint: Still A Terminal Short http://seekingalpha.com/article/3853686?source=ansh Comments are calling them out on their BS. If you can't read the article because SA wants you to subscribe to pro, check it out in the app. 1 Quote Link to comment Share on other sites More sharing options...
luvixuha Posted February 1, 2016 Share Posted February 1, 2016 ^^ 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. Quote Link to comment Share on other sites More sharing options...
WiWavelength Posted February 1, 2016 Share Posted February 1, 2016 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 Quote Link to comment Share on other sites More sharing options...
DanielB Posted February 2, 2016 Share Posted February 2, 2016 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. Quote Link to comment Share on other sites More sharing options...
spotmeterf64 Posted February 2, 2016 Share Posted February 2, 2016 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. 2 Quote Link to comment Share on other sites More sharing options...
DanielB Posted February 2, 2016 Share Posted February 2, 2016 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. Quote Link to comment Share on other sites More sharing options...
nick Posted February 3, 2016 Share Posted February 3, 2016 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. 2 Quote Link to comment Share on other sites More sharing options...
JimBob Posted February 3, 2016 Share Posted February 3, 2016 News still holding Sprint back is continued credit ratings cuts for its debt. http://www.bloomberg.com/news/articles/2016-02-02/sprint-s-credit-rating-cut-by-s-p-amid-intense-competition Quote Link to comment Share on other sites More sharing options...
Ascertion Posted February 8, 2016 Share Posted February 8, 2016 $2.58 as of this post. Does somebody have a relatable GIF to express my sadness in being invested financially with this company? EDIT: Found my own. 1 Quote Link to comment Share on other sites More sharing options...
EvanA Posted February 8, 2016 Share Posted February 8, 2016 The market and telecom sector as a whole is down today. Quote Link to comment Share on other sites More sharing options...
JimBob Posted February 8, 2016 Share Posted February 8, 2016 The market and telecom sector as a whole is down today. The market is not down 8% like Sprint is. Quote Link to comment Share on other sites More sharing options...
EvanA Posted February 8, 2016 Share Posted February 8, 2016 The market is not down 8% like Sprint is.True, but Sprint is always down more when the rest of the market is down because of their debt position. Quote Link to comment Share on other sites More sharing options...
JimBob Posted February 15, 2016 Share Posted February 15, 2016 SoftBank announces biggest ever share buyback http://www.ft.com/fastft/2016/02/15/softbank-announces-biggest-ever-share-buyback/ Hopefully, we see some benefit accrue to Sprint shares. Quote Link to comment Share on other sites More sharing options...
utiz4321 Posted February 15, 2016 Share Posted February 15, 2016 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 Quote Link to comment Share on other sites More sharing options...
WillM Posted February 15, 2016 Share Posted February 15, 2016 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. Quote Link to comment Share on other sites More sharing options...
utiz4321 Posted February 15, 2016 Share Posted February 15, 2016 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 Quote Link to comment Share on other sites More sharing options...
Overstew Posted February 15, 2016 Share Posted February 15, 2016 (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 February 15, 2016 by Overstew Quote Link to comment Share on other sites More sharing options...
Mr.Nuke Posted February 16, 2016 Share Posted February 16, 2016 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. They aren't borrowing money... http://www.softbank.jp/en/corp/news/press/sb/2016/20160215_01/ Quote Link to comment Share on other sites More sharing options...
utiz4321 Posted February 16, 2016 Share Posted February 16, 2016 They aren't borrowing money... http://www.softbank.jp/en/corp/news/press/sb/2016/20160215_01/ Funds are fungible, they just raised 3 billion. Sent from my iPhone using Tapatalk Quote Link to comment Share on other sites More sharing options...
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