- The Sprint CEO claimed an infection point with the FQ2 earnings results.
- The company added postpaid phone customers while still burning large amounts of cash.
- The recommendation is to continue avoiding the stock.
Anybody following Sprint (NYSE:S) over the last few years is probably completely confused on where the wireless operator is heading. Under the previous CEO, Sprint was attempting to build the best wireless network in the country due to a large spectrum position. Under the current CEO, the company has veered in several directions with a partial attempt to build the best network, but mostly a focus on providing consumers with the lowest costs. In the process, CEO Marcelo Claure has ushered in cost cuts and reigned in capital spending that make it difficult to compete with the wireless leaders, AT&T (NYSE:T) and Verizon Communications (NYSE:VZ).
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