$S Couldn't be a more derisked biotech, 1 years product on hand, revenue of 700 million a yr which will ramp in 30-90 days
This is about the 4th time that S has reached the $7 level. Let's see if can hold that level for the next leg up
Sprint Rising on Better-than-Expected FYQ2 Revenue Shares of Sprint (S) are up 20 cents, or 3%, at $7.12, in pre-market trading, after the company pre-announced fiscal Q2 revenue above analysts’ expectations. Revenue in the three months ended in September rose 3%, year over year, to $8.25 billion, including a 5% rise in wireless revenue, with Ebitda, on a non-GAAP basis, rising by 17% to $2.35 billion. Analysts had been modeling $8 billion in revenue and $2.398 billion. Sprint added 740,000 subscribers to its “platform” in the quarter, it said, and had churn of 1.52%. The Street had been modeling 403,000 net additions, according to FactSet. Sprint’s full financial results are scheduled for October 25th. http://blogs.barrons.com/techtrader...ected-fyq2-revenue/?mod=yahoobarrons&ru=yahoo
That's more that a 6% swing from the high to the low Sprint's stock turns lower after preliminary results disclosed http://www.marketwatch.com/story/sp...ry-results-disclosed-2016-10-18?siteid=yhoof2
Sprint (S) Stock Falls on Q2 Net Additions Sprint posted better-than-expected 2016 second-quarter results, but reported net postpaid additions that were below analysts' estimates before today's opening bell. https://www.thestreet.com/story/138...-q2-net-additions.html?puc=yahoo&cm_ven=YAHOO
The shorts drove the price down on a hiccup. Lower-than-expected net subscriber additions was the hiccup and agreed it was overdone. I was prepared to take some profits but not mean't to be today.
Reminds me of the over-reaction on the issuing of more stock for AMD. Might be a good entry for those not in S for a similar return to where it was before the miss earlier today.
I found only this: "14:26 ET - Citi says the election could hit the recent flurry of deals in the media/telecom/internet space as both presidential candidates have called for merger scrutiny. Trump has said the AT&T (T)/Time Warner (TWX) deal should be blocked, though the investment bank sees a Sprint (S)/T-Mobile (TMUS) tie-up having a better chance of approval under a Trump administration. Him winning could effect some media stocks as his embrace of social media might boost Twitter (TWTR) and Facebook (FB) while his confrontational relationship with traditional outlets may hurts CBS, Disney (DIS), TWX and FOX. Trump also doesn't support net neutrality, something which could help Comcast (CMCSA) and Charter (CHTR) but hurt over-the-top players like Netflix. (NFLX)."
No link her but could S be a takeover for T? 14:26 ET - Citi says the election could hit the recent flurry of deals in the media/telecom/internet space as both presidential candidates have called for merger scrutiny. Trump has said the AT&T (T)/Time Warner (TWX) deal should be blocked, though the investment bank sees a Sprint (S)/T-Mobile (TMUS) tie-up having a better chance of approval under a Trump administration. Him winning could effect some media stocks as his embrace of social media might boost Twitter (TWTR) and Facebook (FB) while his confrontational relationship with traditional outlets may hurts CBS, Disney (DIS), TWX and FOX. Trump also doesn't support net neutrality, something which could help Comcast (CMCSA) and Charter (CHTR) but hurt over-the-top players like Netflix. (NFLX).
