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Sprint's Greatest Fears Realized

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  • Sprint continues to struggle with the stock hitting new multi-year lows and plunging on funding fears.
  • T-Mobile continues to gain market share and likely officially surpassed Sprint for the No. 3 position in the domestic wireless market.
  • Investors need to avoid the stock until funding issues are revolved.
Whether legitimate or not, the greatest fears in owning Sprint (NYSE:S) for the last year were realized during trading on Wednesday. Most shareholders don't want to hear it, but the biggest failure was an assumption that Softbank (OTCPK:SFTBY) and Chairman Son would bail the company out of financial purgatory.

Read the full article at Seeking Alpha.


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




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