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kq4ym
kq4ym
8/27/2015 | 10:59:12 AM
Re: Trompe l'oeil
And here's another vote for hoping Sprint can hang in there with Softbank to keep the competition keen. Interesting how they want to keep the share ownership below the 85% level to avoid stock exchange delisting.
danielcawrey
danielcawrey
8/15/2015 | 11:31:42 AM
Re: Trompe l'oeil
While I once thought of Sprint as a top tier player in wireless, I feel like that is now fading away. Verizon and AT&T clearly dominate wireless coverage and speeds, which makes Sprint a tought choice to make when customers are looking for a new carrier. 

I hope SoftBank can bring renewal to the company. The more competition, the better. 
mendyk
mendyk
8/14/2015 | 9:40:41 AM
Re: Trompe l'oeil
Well, yeah, and remember that a stock purchase is essentially a shift of money from one pile to another -- albeit a less stable pile.
Ray@LR
[email protected]
8/14/2015 | 2:58:46 AM
Re: Trompe l'oeil
It was worth $86.9 million apparently! 

THis does indeed look like gesture financing.
mendyk
mendyk
8/13/2015 | 2:43:18 PM
Re: Trompe l'oeil
That's a possibility, but the original point is that Son's purchase of additional Sprint shares isn't an indicator of anything since he already owned close to 80% of the company, and he still owns close to 80% of it. But it did make for some good free publicity, and the share price went up for today. So mission accomplished, for what it was worth.
sineira
sineira
8/13/2015 | 2:38:01 PM
Re: Trompe l'oeil
Yes but it does look to me like new plans are in progress. They have a lot of work to do to catch up, but the plan seems to be to do so. And Son seems willing to take the losses until they have caught up.

 

http://www.fiercewireless.com/story/analysts-sprints-network-densification-project-will-likely-include-70k-smal/2015-07-23
mendyk
mendyk
8/13/2015 | 2:11:27 PM
Re: Trompe l'oeil
A story appears in an influential newspaper (still not an oxymoron) that questions the commitment of ownership to a company. The owner in question answers those questions by buying another 0.5% of the company's stock, moving his total ownership from something like 79.4% to 79.9%. He's already all in on this company, and the additional purchase does nothing to change the fundamentals of the company -- the key one being it has lost money for years and would have to engage in a pretty significant capital investment (read even more losses) to have a chance at reversal.
sineira
sineira
8/13/2015 | 2:05:14 PM
Re: Trompe l'oeil
I would think there's actually more out there than meets the eye.
mendyk
mendyk
8/13/2015 | 10:07:13 AM
Trompe l'oeil
Seems to be less here than meets the eye.


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