The Short Call Is Still Bullish HereBrought to my attention in this article last week: Is Sprint Corporation (S) At Risk Of Becoming A Penny Stock?
Several valid points on this front, namely how Sprint continues to "F" up and find something to blame it one but themselves. I'm surprised TMUS is still entertaining this at the bid price they said. I would think that it would probably be much less considering the red tape and issues that have come up over the years, including this year.
"It’s unfortunate but according to several sources, Sprint has “for years failed to accurately measure” the number of low-income Americans it services. This is specific to the federal plan called the “Lifeline Program,” which offers communication services at an affordable price for low-income consumers. It essentially gives discounts for monthly phone service as well as internet access and even VOIP services. These all need to be purchased from a participating provider who, in turn, is granted subsidies for participating. Now, the FCC won’t let Sprint be."
Quote source from the article cited above. I'm cautious on S right now especially after looking into things myself. Not giving any advice here at all but there are way more negatives for me on this than positives. Even if they can clean up their act, what's to say it won't happen again like it has multiple times already? The real losers here are shareholders and TMobile (if they're locked into this deal).
Thoughts?
