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Everything posted by RedSpark

  1. The interest expense that Sprint is carrying alone is just punishing: “$619 million, which ate up $455 million in operating income and left the company with a $111 million loss.” I agree with you completely. The level of capex that Sprint is spending just isn’t enough to get ahead of the curve to reverse this trend. Instead, the amount they’re spending is effectively returning zero. They aren’t profitable and they aren’t gaining customers.
  2. Sprint’s capex still hasn’t been enough to change the trajectory of the company, and the net losses show that. It’s enough to say they’re doing something, but it’s not enough to result in a major network transformation to gain customers. Should this merger fail, I believe Softbank will have to pitch in some major capital.
  3. Yeah, this is not a good look, capex surge or not. The capex hasn’t made a difference yet. The fact that people aren’t staying with Sprint without promotions means that Sprint’s underlying value proposition isn’t working, and that’s because it’s not perceived as a product that people are willing to pay more for, as is the case with Verizon (if their marketing and network awards are taken at face value) when the promos run out. When you do the math on 175k net losses, that’s almost 2,000 lines lost per day for the quarter! That’s not a sustainable trend line.
  4. How do you do fellow kids? Maybe it’s just me, but this isn’t how a CEO should appear going into an employee town hall meeting on the heel of 175,000 net losses.
  5. Since they didn’t report it, I have a feeling not much progess was made on that. Unless I missed it, they also didn’t say how many customers are still on Subsidized Plans. As there’s no actual Earnings Call, these questions aren’t able to be asked of management. Perhaps Saw would respond to a tweet question?... Unless legal tells him not to.
  6. No. Apparently, you can’t even activate a 5G phone without the Unlimited Premium plan on the account.... unless you have a legacy ED plan. Good points here.
  7. Fiscal 2019 First Quarter Earnings are out... with a “Message from Management”. The company had 175,000 net losses in the current quarter compared with 57,000 net additions in the year-ago period and 8,000 net losses in the prior quarter. Sprint ended the quarter with 54.3 million connections, including 33.1 million postpaid, 8.6 million prepaid, and 12.6 million wholesale and affiliate connections. 175k net losses... ugh. At least there are ~3,000 MIMO units on air now, but this gives you a sense of the pace of Sprint’s 5G deployment.... “Better than expected”? Not the best take... 😕
  8. They are “keeping” it.... sort of. Sprint sold it and is leasing it back for 10 years. New T-Mobile will assume the lease.
  9. The Sprint Campus is a massive complex. You can read more about it and its history here: https://en.wikipedia.org/wiki/Sprint_World_Headquarters_Campus Here’s a photo tour from 2011: https://www.cnet.com/pictures/a-tour-of-sprints-kansas-headquarters-photos/
  10. When asked about the transaction Tuesday, Sprint officials declined to discuss the terms of the sale, calling them confidential. “Sprint is leasing back the space we need, and the Sprint headquarters will remain on the Overland Park campus,” Sprint spokeswoman Andrea Shores wrote in an email. “This sale enables us to use proceeds from the sale to reinvest in the buildings we plan to use in order to create a collaborative environment for Sprint partners — along with an innovative workspace to attract top talent.” Read more here: https://www.kansascity.com/news/business/article233028002.html
  11. Sprint and T-Mobile US campuses sell for more than $700 million total Sprint sold Overland Park campus for ‘modest’ price. Why that might not be a bad thing Sprint sold its Overland Park campus for $250.9 million — tens of millions of dollars below Johnson County’s appraised value of $342.5 million, according to research compiled by the investment research firm Moody’s. In exchange for what Moody’s characterized as a “modest” sale price, Sprint secured a 10-year lease of office space well below market rent. Wow. 🙁
  12. I find it strange. Sprint shareholders should hear management’s responses to the questions posed by the analysts during an Earnings Call.
  13. So basically the entirety of both networks is getting a coverage and capacity audit?
  14. I guess they don’t want to be in the position of having to answer questions they don’t want to answer during the call. Could result in some awkward silences. This move is coming straight from legal if you ask me.
  15. Sprint Corporation Schedules Fiscal 2019 First Quarter Results Announcement Set for August 2nd at 8am. Looks like it will only be an Earnings release with a message from management. There won’t actually be an Earnings Call. Strange.
  16. Perhaps I’ll set a small amount of money aside to give this a try.
  17. Thanks! That’s really helpful. So it seems that the action point is the $10 amount. Can people wait for it to go substantially above $10? How long do people have on options?
  18. I’m curious if the merger announcement will affect or delay Sprint’s 5G deployment plans.
  19. Wow! That’s incredible. Thanks for the explanation. I’ve never done options before. This sounded like a good opportunity to do it. I’m still a little unclear on what “strike price” means in this context though.
  20. Nice! Would you mind sharing more details on what you did? Just curious to learn more.
  21. What does this mean for Sprint’s network upgrades in progress or which haven’t launched yet? 5G in Washington DC for example. Will those be halted pending T-Mobile’s management decisions?
  22. By allowing this merger, Masa and Marcelo are effectively getting a bailout from the market for their poor strategy and management of Sprint. Even if there’s divestment to create a 4th Carrier, that Carrier will essentially be the new Sprint, and in similar competitive position.
  23. Good read... However, speed tests sell to some people who care about specs like 0-60 times in cars. For other people, it’s 0-60.... yes.
  24. U.S. Poised to Approve Merger of T-Mobile, Sprint https://www.wsj.com/articles/u-s-poised-to-approve-merger-of-t-mobile-sprint-11563967640 Deutsche Telekom sets meeting as T-Mobile, Sprint deal nears approval: report https://www.reuters.com/article/us-sprint-corp-m-a-t-mobileus-idUSKCN1UJ0KF
  25. How do you like it? Any 5G visible yet?
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