T-Mobile: Painful Loss
CEO John Legere officially announced plans to retire May 1, 2020.
Top executives don't randomly leave a company when a big opportunity exists.
The regulatory delays are pushing the T-Mobile/Sprint 5G network buildout behind AT&T and Verizon.
Avoid the stock still trading near the peak after 7 years of strong outperformance.
The official loss of a dynamic CEO by T-Mobile (TMUS) has been mostly ignored by the market this week. With the pending merger of Sprint (S), the move appears to suggest John Legere doesn't see the ability to generate the outsized gains of the past decade. The departure of several executives while the Sprint deal still faces regulatory hurdles makes the stock one to avoid.
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