Thursday, March 24, 2011

SPRINT STOCK


I WOULD NOT BUY SPRINT STOCK!!!


STOCK QUOTES:


FROM GOOGLE FINANCE
RANGE: 4.48-4.60
52 WEEK: 3.70-5.31
A YEAR AGO MARCH 24TH, 2010: 3.80

MARKET TREND:
THE STOCK HAS BEEN STEADILY DROPPING THIS WEEK, WITH A SLIGHT UPSHIFT TOWARD THE END OF THE DAY. NOTHING SIGNIFICANT OUT OF ITS RANGE.

PROJECTIONS FOR THIS STOCK:
I DO NOT THINK SPRINT IS GOING TO BE DONG TO WELL IF T-MOBILE MERGES WITH AT&T. ALONE THE TWO COMPANY HAVE THREE TIMES THE AMOUNT OF CUSTOMERS THEN SPRINT. SECONDLY THE STOCK IS TOO CHEAP AND I WOULD BE UNABLE TO PURCHASE IT. LOOKING AT THE RANGE AND 52 WEEK HIGH OF SPRINT, THERE WOULD NOT BE MUCH GAIN, MONETARILY, IF THIS STOCK WAS PURCHASED.

ADDITIONALLY, THE CEO OF SPRINT STATED THAT "AT&T/ T-MOBILE DEAL WOULD DRAMATICALLY ALTER TELECOM INDUSTRY." THIS IS SOMEONE WHO I FEEL UNDERSTANDS THERE WILL BE A CHANGE IN THE CELLULAR WORLD, BUT DOES NOT STATE HOW HE PLANS TO ADRESS THE SITUATION AS ONE OF THE SMALLEST PHONE COMPANIES, RIGHT ABOVE METRO PCS. THERE MAY BE A LIGHT AT THE END OF THE TUNNEL FOR SPRINT, ONE THAT I WILL NOT BE A PART OF.

NEWS HEADLINES:
-SPRINT EXECS WARN AT&T, T-MOBILE DEAL MAY HURT PROFITS
-AT&T BUYS T-MOBILE WOOS REGULATORS; SPRINT IN TROUBLE?
-SPRINT CONCERNED OVER AT&T, T-MOBILE MERGER

-DESEAN MULLINGS
-D-BAND

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