According to StockTwits 69% of market participants are bearish on this company. This stock price has dropped up to 10.80% + today alone and 40% since it’s 52-week high of $5.45/share.
The company reported a loss last quarter which actually comes as a surprise to me. When the new iPhone was released Sprint came out with their “iPhone Forever” plan. Which to be honest was created for consumers that didn’t know how to do simple math. The entire idea is that you pay $15/month rather than pay for the 2-year contract..which depending on the GB size of the iPhone would be $99.99 at the cheapest. I know a lot of people that thought, “holy shit I can afford $15/mo easily!” yea well no shit you can but then you are paying $180 a year while I am paying $99.99 plus tax for a 2-year contract. Shit head.
Please learn to math, maybe chat with @RampCapitalLLC he’ll school you up a bit. — > check out his Do Math piece.
Analysts have been lowering expectations of this stock and doubting their plan to cut operating costs…something of which they desperately need to do. Maybe if they would hire some of the idiots that work at my local store they would save some money.
Last time I checked Sprint won’t be releasing their latest earnings until February 4th so for now…here is what I have..
This stock is bad and it should feel bad.
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