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Sprint's Big Mistake

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Summary

  • Sprint reports dismal quarter with declining postpaid phone users and ABPU.
  • The company continues burning cash at an alarming rate causing several analysts to question its cash position.
  • Investors should continue avoiding the stock until trends improve.
Another quarter and Sprint (NYSE:S) still isn't making any real progress toward growing postpaid phone subscribers. The wireless provider has aggressively spent on promotions, but it has made a huge mistake in thinking the high-quality 4G, smartphone customer would switch networks for a pricing gimmick.

Read the full article on Seeking Alpha.


Disclosure: No positions mentioned. Please review the disclaimer page for more details. 


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