Sprint: Not Making A Good Case
Sprint reports improving FQ2 results.
The highlights and CEO message aren't supportive of regulatory approval of a merger with T-Mobile.
Net debt position remains a problem for stock gains absent a merger and industry consolidation.
Along with FQ2 results, Sprint (S) released data points that aren't supportive of an industry needing consolidation. My investment thesis continues to suggest the stock isn't worth much more than the current price based on the results and the reported deal on the table with T-Mobile (TMUS).
Read the full article at Seeking Alpha.
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