Sprint (S -6.3%) is ending the day lower courtesy of a downgrade to Market Perform from Raymond...


Sprint (S -6.3%) is ending the day lower courtesy of a downgrade to Market Perform from Raymond James, which cites valuation. Shares have now fallen 10% since making new 52-week highs last Tuesday.

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Comments (9)
  • Stone Fox Capital
    , contributor
    Comments (8611) | Send Message
     
    sure it wasn't my weekend report? lol
    1 Oct 2012, 03:59 PM Reply Like
  • Headcoach
    , contributor
    Comments (419) | Send Message
     
    Nope sorry, I don't thing you have that much pull. Again, it's just another example of a movie critic getting it wrong. If he was soooooo correct, where are the other movie critics.

     

    Yes, I know, what movie critic? Analysts are like movie critics. Have you ever seen a commercial of a cool Sci-fi movie that you would like to see and then two days later the movie critic comes out and says not to spend your time or your dime, because the Sci-fi didn't have any men in tights.

     

    Then you get in your car and head down to the local movie theater to see what the critic was talking about, only to find out the the critic must have been a sleep though the whole movie!

     

    Raymond James, must have been asleep for the last 5 month's in a den for him to realize how good this company is. Yes I know, they only love to talk about stocks that are above $20 a share so they can talk about how wonderful a 4% dividend is.

     

    It's been a while since we have seen someone come out and slam the Sprint Stock because they have had nothing to say, because the damn thing just keeps going up and up.

     

    Heck, even some people are so desperate, they try to use other providers to help pull down the stock....funny isn't it. But most of the writer that get their payment from AT&T and Verizon are now gone because it's had for them to drive down the stock when it keeps going up.

     

    But it only takes one "Chicken Little, the sky is falling down" for investors that short the stock to jump ship. But it still brings me back to...if he was so right, where are the rest of the movie critics saying the same thing?
    1 Oct 2012, 04:22 PM Reply Like
  • Sinvestor7135
    , contributor
    Comments (155) | Send Message
     
    the stock went down to 4.85 from its first 52 week high at 5.36 I'm hoping this is just a similar trend, which means it'll hit pretty close to 6 bucks if pattern continues. Time to buy more? still think s will hit 11 in 1-2 years?
    1 Oct 2012, 04:41 PM Reply Like
  • Denny_Chasteen
    , contributor
    Comments (688) | Send Message
     
    That downgrade is based on pure non sense. Sprint is not making a profit at this point and won't be for a few more quarters. "Valuation" in terms of the traditional P/E is just total non sense at this point. Anyone investing in S knows that already and has bought in to the long term growth story. No different than people investing in the over valued AMZN or CRM stocks.

     

    Everyone investing in S knows there are risks here. The risk story continues to show improvement. A change in the risk outlook would justify a downgrade. I don't see it.
    1 Oct 2012, 05:09 PM Reply Like
  • bd4uandu
    , contributor
    Comments (2074) | Send Message
     
    Craig Moffet also opened his yacker at the end of last week. I don't think these people have any credibility. Clearwire's CFO has a presentation on the 4th and earnings season should give them a good bump. Sprint reports on 10/25.

     

    http://bit.ly/U3dgDK

     

    http://bit.ly/UCKvII
    1 Oct 2012, 06:55 PM Reply Like
  • teamj
    , contributor
    Comments (110) | Send Message
     
    This is just market manipulation to allow the "traders" to make their profits. I predicted this will happen as the same drop happened during this time last quarter right before the earnings were released. Picked up a few more shares today.
    1 Oct 2012, 07:48 PM Reply Like
  • pinotz99
    , contributor
    Comments (2) | Send Message
     
    after it went down i bought 2000 more for my old sock in the
    rainy day closet, this is a $10 stock by oct 2013.
    2 Oct 2012, 12:20 AM Reply Like
  • 4party
    , contributor
    Comments (6) | Send Message
     
    Sprinters are not known for their stamina. The last few months have been a sprint. I have more than doubled my money (bought late 2011) and really don't understand that valuation, i.e. I don't see S as a sure-fire success story in the next several years because there are so many uncertainties, and because they are in a ruthless, highly competitive business where they are now a minnow among much bigger fish. Can someone please explain S's potential?
    2 Oct 2012, 12:25 AM Reply Like
  • Denny_Chasteen
    , contributor
    Comments (688) | Send Message
     
    I am guessing that was just a rhetorical question, 4party. But I am happy to explain my rationale.

     

    Being the "little guy" is actually Sprint's biggest advantage. They will emerge very lean, agile and responsive in a business that is projected to grow ten fold in the next five years. They can engage in "skimming the cream" and gain tremendous market share at low a cost and high margin. T is a unionized and lethargic old dinosaur. V is the one that S can't beat. But they don't have to. In 5 years there will be 3 "big dogs" in the business. The biggest will be V followed by S followed by T. JMO.
    2 Oct 2012, 02:25 AM Reply Like
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